SEC Crypto Newsroom/
Tokenization Trending: Statement on the Division of Trading and Market’s No-Action Letter Related to DTC’s Development of Securities Tokenization Services
The SEC's Division of Trading and Markets issued a no-action letter to The Depository Trust Company (DTC) regarding its pilot program for tokenizing security entitlements of eligible securities held by participants.
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Why It Matters
It represents a significant step toward moving securities markets onchain by allowing DTC participants to transfer tokenized entitlements via registered wallets.