The US SEC has allowed the DTCC to custody and endorse tokenized stocks and other RWA assets on the blockchain.

The U.S. Securities and Exchange Commission (SEC) granted a license to the Depository Trust and Clearing Corporation (DTCC) via a no-action letter, allowing the company to custody and endorse tokenized stocks and other real-world assets (RWAs) on a blockchain. This move enables DTCC to offer tokenization services on a pre-approved blockchain for a period of three years. SEC Commissioner Hester Peirce stated in a press release, “While the project is still in the pilot phase and subject to various operational limitations, it marks a significant step towards the market’s migration to on-chain.” Michael Winnike, Head of Global Strategy and Market Solutions for Clearing and Securities Services at DTCC, said in an interview that with the license, DTCC will also extend its record-keeping operations to the blockchain.