SEC, DTCC grant approval to tokenize traditional assets
The U.S. Securities and Exchange Commission has granted a much-needed “no-action” letter to a subsidiary of the Depository Trust and Clearing Corporation (DTCC), allowing it to offer new securities market tokenization services. DTCC announced Thursday that its subsidiary, Depository Trust Company (DTC), has been granted permission to launch “a new service to tokenize real-world assets…
