DTCC GETS SEC CLEARANCE TO PILOT TOKENIZED SECURITIES

Summary from the TLDR Crypto newsletter

DTCC received an SEC no-action letter approval for a three-year pilot program starting H2 2026 to tokenize Russell 1000 stocks, major ETFs, and US Treasury securities onchain while maintaining identical rights and protections as original securities. Potential benefits include collateral mobility, 24/7 trading access, and programmable assets. The move signals growing acceptance of blockchain in traditional finance, with over $33 billion in real-world assets now onchain. DeFi protocol Ondo Finance urged the SEC to delay Nasdaq's tokenization plans until DTC settlement processes are disclosed publicly to ensure fair competition and prevent larger institutions from gaining advantages.