The US Securities and Exchange Commission (SEC) has approved the Depository Trust & Clearing Corporation's (DTCC) request to tokenize stocks and bonds on the blockchain. This move is expected to bring trillions of dollars into the crypto market, marking a significant milestone in the integration of traditional finance with blockchain technology.
- *Key Points:* - DTCC will tokenize US Treasury securities on the Canton Network, a permissioned blockchain. - The SEC's no-action letter allows DTCC to experiment with blockchain-based workflows while maintaining existing market safeguards. - The move is expected to enhance efficiency, transparency, and liquidity in securities transactions. - DTCC plans to expand tokenization to other assets, including ETFs and equities.
This development is seen as a major step towards mainstream adoption of blockchain technology in traditional finance. As DTCC CEO Frank LaSalla stated, "US financial markets are poised to move onchain" ¹ ² ³.
$FOLKS is experiencing bearish momentum, with a 34.2% price decline in the last 24 hours. The Fear & Greed Index is at 17, indicating extreme fear ¹ ² ³.
👉 What's next for $FOLKS? Will it bounce back?
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$BEAT's price is $2.83, with a -7.96% change in the last 24 hours. The token has gained 26% in the past 24 hours, with trading volumes jumping by 26% ¹ ².
The technical picture is screaming continuation, with a strong ascending price channel since December. If positive momentum continues, $BEAT could hit $3 soon ² ³.
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