SEC Greenlights DTCC Experiment to Record US Securities on Certain Blockchains Using ‘Registered’ Wallets
Simply put The no-action letter permits the DTCC to create and eliminate tokenized entitlements on approved blockchains without invoking certain compliance rules related to clearing houses or systems. Participants can transfer eligible securities, including Russell 1000 stocks, U.S. Treasuries, and major index ETFs, to blockchain-based wallets depending on approved structures. As part of monitoring the […]