SEC Gives DTCC OK to Tokenize Stocks In Move To Blockchain (bloomberg.com)
(Friday December 12, 2025 @05:00AM (BeauHD)
from the red-light-green-light dept.)
- Reference: 0180366605
- News link: https://yro.slashdot.org/story/25/12/12/0354219/sec-gives-dtcc-ok-to-tokenize-stocks-in-move-to-blockchain
- Source link: https://www.bloomberg.com/news/articles/2025-12-11/sec-gives-dtcc-ok-to-tokenize-stocks-in-move-to-blockchain
The SEC has granted the Depository Trust & Clearing Corp., or DTCC, a no-action letter [1]allowing it to custody and recognize tokenized stocks, ETFs, and Treasuries on approved blockchains for three years. "Although this program is a pilot subject to various operational limitations, it marks a significant incremental step in moving markets onchain," SEC Commissioner Hester Peirce said in [2]a statement . Bloomberg reports:
> With the permission, DTCC will also extend their record-keeping to the blockchain, Michael Winnike, global head of strategy and market solutions at DTCC Clearing & Securities Services, said in an interview. "It's the same legal entitlement, the same stock that you would hold in your account from the DTCC in traditional form," Winnike said. [...] The SEC's authorization of tokenization services only applies to a specific set of securities that trade often. The approval includes the Russell 1000 index which represents the 1,000 largest publicly traded US companies, as well as exchange-traded funds that track major indices and US Treasury bills, bonds and notes, Winnike said. "This allows us both to create value for the markets, while staying in a pre-defined pool of highly-liquid securities to start," said Winnike. The firm's ultimate aspiration is to add its entire depository, which represents $100 trillion in securities, to the blockchain, a move that would require further expansion of the no-action relief from the SEC, he said.
>
> Winnike said the tokenization service will help bridge the traditional and digital worlds in part because the new technology will have the same legal entitlements and controls as traditional markets, including freezing or forced transfers if assets are stolen. "This enables participants to adopt and integrate, because they know there is a trusted party that can recover their securities as needed" and can address potential errors, he said. The new blockchain service will also allow investors to move assets all the time, not just Monday through Friday when traditional markets are open. "That creates a lot of new utility," Winnike said. "It brings the two ecosystems together."
[1] https://www.bloomberg.com/news/articles/2025-12-11/sec-gives-dtcc-ok-to-tokenize-stocks-in-move-to-blockchain
[2] https://archive.ph/o/ValQA/https://www.sec.gov/newsroom/speeches-statements/peirce-121125-tokenization-trending-statement-division-trading-markets-no-action-letter-related-dtcs-development
> With the permission, DTCC will also extend their record-keeping to the blockchain, Michael Winnike, global head of strategy and market solutions at DTCC Clearing & Securities Services, said in an interview. "It's the same legal entitlement, the same stock that you would hold in your account from the DTCC in traditional form," Winnike said. [...] The SEC's authorization of tokenization services only applies to a specific set of securities that trade often. The approval includes the Russell 1000 index which represents the 1,000 largest publicly traded US companies, as well as exchange-traded funds that track major indices and US Treasury bills, bonds and notes, Winnike said. "This allows us both to create value for the markets, while staying in a pre-defined pool of highly-liquid securities to start," said Winnike. The firm's ultimate aspiration is to add its entire depository, which represents $100 trillion in securities, to the blockchain, a move that would require further expansion of the no-action relief from the SEC, he said.
>
> Winnike said the tokenization service will help bridge the traditional and digital worlds in part because the new technology will have the same legal entitlements and controls as traditional markets, including freezing or forced transfers if assets are stolen. "This enables participants to adopt and integrate, because they know there is a trusted party that can recover their securities as needed" and can address potential errors, he said. The new blockchain service will also allow investors to move assets all the time, not just Monday through Friday when traditional markets are open. "That creates a lot of new utility," Winnike said. "It brings the two ecosystems together."
[1] https://www.bloomberg.com/news/articles/2025-12-11/sec-gives-dtcc-ok-to-tokenize-stocks-in-move-to-blockchain
[2] https://archive.ph/o/ValQA/https://www.sec.gov/newsroom/speeches-statements/peirce-121125-tokenization-trending-statement-division-trading-markets-no-action-letter-related-dtcs-development
Current Stage: The Great Grift (Score:1)
by Anonymous Coward
The grand master plan of crypto
The plan for all cryptocurrencies isn't what they want to make you think it is. It's more sinister than the egalitarian image the crypto boys portray for it.
After the 2008 financial meltdown, cryptocurrencies were born out of it, declared to be the means by which people could be freed from banks/governments, and promised to avoid any such future meltdowns from happening ever again.
But the crypto boys watched closely the result of that meltdown, and formulated their plan: c
Explain like I'm five, what the above means ? (Score:2)
perplexity.ai: Imagine money things like shares of companies or government bonds are like special toys that grown-ups trade. Right now, they keep them in big locked boxes at a place called DTCC.
The bosses who make rules (SEC) said okay, DTCC can try putting copies of those toys on a super safe computer list called blockchain, like a magic notebook everyone can see but no one can cheat.
This helps trade toys faster, any time day or night, without losing them, but only for a test with safe toys first.