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SEC Approves DTCC Blockchain Pilot for Tokenizing Securities

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The U.S. Securities and Exchange Commission (SEC) has approved a three-year blockchain pilot for the Depository Trust Company (DTCC) to tokenize select securities. The program will allow DTCC to issue digital tokens representing existing security entitlements, creating the first blockchain-based recordkeeping system for a U.S. stock trades clearinghouse. The token launch is set for the second half of next year and will cover assets like Russell 1000 constituents, U.S. Treasurys, and major ETFs. DTCC must file quarterly reports on participation and operations, with some regulatory requirements waived during the pilot.
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