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SEC Greenlights Tokenization of Major US Assets via No-Action Letter to DTCC

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The U.S. Securities and Exchange Commission (SEC) has given the green light to the tokenization of major U.S. assets through a no-action letter to the DTCC. The move covers assets like the Russell 1000 index and U.S. Treasury securities. It supports onchain settlement systems to boost transparency and efficiency. The initiative reflects the SEC’s innovation strategy to ease the shift of traditional assets to blockchain. What is clear is that the agency is aiming to reduce compliance hurdles while keeping investor safeguards intact.
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