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SEC Chairman: DTC Participants Can Directly Transfer Tokenized Securities to Other Participants' Registered Wallets
Summary: In a recent announcement, Chairman of the U.S. Securities and Exchange Commission (SEC) Paul Atkins stated on X platform that the American financial markets are transitioning to the blockchain and will prioritize innovation and the adoption of new technologies. The SEC has sent a letter of no-action to the Depository Trust & Clearing Corporation (DTC), ...
In a recent announcement, Chairman of the U.S. Securities and Exchange Commission (SEC) Paul Atkins stated on X platform that the American financial markets are transitioning to the blockchain and will prioritize innovation and the adoption of new technologies. The SEC has sent a letter of no-action to the Depository Trust & Clearing Corporation (DTC), indicating that the on-chain market will bring higher predictability, transparency, and efficiency for investors. Now, DTC participants can directly transfer tokenized securities to other participants' registered wallets, with these transactions being officially recorded and tracked by DTC.
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Link: SEC Chairman: DTC Participants Can Directly Transfer Tokenized Securities to Other Participants' Registered Wallets [Copy]
