The Depository Trust & Clearing Corporation (DTCC) announced on Thursday that the U.S. Securities and Exchange Commission (SEC) has issued a 'no-action letter' allowing its subsidiary, the Depository Trust Company (DTC), to launch a new service that will tokenize real-world assets (RWA) held in custody by DTC in a 'controlled operational environment.'
According to the press release, DTCC will tokenize a 'set of highly liquid assets,' including the Russell 1000 index, as well as ETFs tracking major indices, U.S. Treasury bills, bonds, and notes. The service is expected to go live in the second half of 2026.
DTCC is responsible for operating critical market infrastructure, providing clearing, settlement, and trading-related services for U.S. securities. The SEC's letter serves as important regulatory endorsement for its plan, confirming that as long as the product operates as described, the SEC will not take enforcement action.
DTCC CEO Frank La Salla said:
"I want to thank the SEC for their trust in us. Tokenizing the U.S. securities market has the potential to bring transformative benefits, such as enhanced collateral liquidity, new trading models, 24/7 accessibility, and programmable assets."
DTCC stated that its subsidiary is authorized to "provide tokenization services to DTC participants and their customers on a pre-approved blockchain over a three-year period." DTCC pointed out: "DTC will have the capability to tokenize various real-world assets, and this digital version will enjoy the same rights, investor protections, and ownership as traditional forms of assets."
Reference
Source
