🚨The SEC granted permission to DTCC (Depository Trust & Clearing Corporation) to tokenize stocks and other financial assets, such as ETFs and U.S. Treasury securities 🚀. This means that the DTCC will be able to integrate blockchain technology into its operations, allowing for the tokenization of highly liquid assets.
- *Tokenization*: The DTCC plans to tokenize shares of the Russell 1000, ETFs, and U.S. Treasury securities, maintaining traditional ownership rights and regulatory protections 🔒.
- *Interoperability*: The goal is to propose complete interoperability between traditional markets and blockchain, allowing the conversion of traditional securities into digital assets 💸.
- *Green light*: The SEC's approval is an important step towards institutional adoption of blockchain technology and may pave the way for a strategic convergence between traditional markets and DeFi (Decentralized Finance) 📈.
🔥 DTCC receives permission to tokenize stocks
💡 Tokenization can increase efficiency and transparency
👥 Institutional adoption of blockchain technology
📈 Convergence between traditional markets and DeFi.