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SEC Forecasts Full Financial Market Tokenization on Blockchain Within Two Years

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SEC Chair Gary Gensler has announced a plan to tokenize the entire U.S. financial market on blockchain within two years. The initiative, called 'Project Crypto,' aims to convert over $50 trillion in assets, including stocks, bonds, and real estate, into digital tokens. DTCC and DTC have received no-action letters from the SEC, allowing them to link traditional CUSIP systems with blockchain infrastructure. The move could significantly impact the blockchain market cap as major financial assets shift to tokenized formats.
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