DTCC News

The move marks an early step toward embedding traditional risk assessment into blockchain-based financial infrastructure.

The Sei Development Foundation joined in the round to support expansion of an SEC-regulated alternative trading system and settlement platform for blockchain-based securities.

Built on Ripple’s GTreasury acquisition, the platform links cash management with blockchain settlement as digital assets edge into corporate finance.

The platform offers a private, non-custodial venue for regulated institutions to trade cryptocurrencies and stablecoins.

The SEC gave DTCC the green light to launch a tokenization service last week, and the company will be starting by minting US Treasurys on Canton.

In comments Thursday, SEC Chair Paul Atkins doubled down on his vision for tokenized US financial markets and onchain settlement.

The Depository Trust and Clearing Corporation plans to tokenize stocks, ETFs and US Treasurys next year after receiving an SEC no-action letter.

Bitwise’s spot Chainlink ETF has appeared on the Depository Trust and Clearing Corporation’s registry, a sign that it could launch in the near future.

The endorsement suggests that Ethereum may play an important role in the US’s permissioned security token ecosystem. 

Trading platforms and regulators are increasingly embracing cryptocurrency as collateral for trades. 

The DTCC aims to invite market participants to address pain points and let clients try DTCC products on their own use cases.

The project aimed for speed, privacy and legal compliance while using highly accessible and desirable US Treasury bonds as a collateral asset.

The pilot program tested a method of bringing traditional finance fund data onto blockchains, with big banks JPMorgan and BNY Mellon also involved.

Joining the Paxos Settlement Service could allow many Bank of America customers to settle stock trades in minutes rather than days.