The Breakdown DTCC Puts US Securities On Chain
21 snips
Dec 16, 2025 A historic moment unfolds as the SEC grants approval for the tokenization of U.S. securities by the Depository Trust Company. This shift may enable 24/7 settlements and programmable assets across various financial instruments. The discussion also includes insights on JP Morgan's issuance of commercial paper on the blockchain and Coinbase's upcoming tokenized stock offering. Interestingly, the impact of tokenization on crypto prices remains uncertain, even as industry players aim for democratized capital markets.
AI Snips
Chapters
Transcript
Episode notes
DTCC Wins SEC Approval For Tokenization
- The DTCC received an SEC no-action letter to tokenize major US securities, covering Russell 1000 stocks, major ETFs, and US Treasuries.
- This creates a credible, compliant onshore path for tokenization that could modernize core market plumbing.
Prepare For Compliant Onboarding
- Expect DTCC to require KYC/AML and wallet registration for onshore tokenized securities access.
- Prepare compliance and custody processes to integrate with DTCC's onboarding requirements.
DTCC Controls The Official Ledger
- The DTCC's role cements a centralized, credible standard for tokenized securities while enabling decentralization features.
- Because DTCC controls existing official ledgers, it can legally recognize tokens as units of stock or bonds.