SEC Approves Tokenized Stocks

Depository Trust & Clearing Corporation (DTCC) announced on Thursday that one of its subsidiaries has received a no-action letter from the U.S. Securities and Exchange Commission (SEC) for the presentation of tokenized real-world assets.

This letter indirectly approves the presentation of certain tokenized stocks on approved blockchains for a period of three years.

The given authorization applies to components of the Russell 1000 index and exchange-traded funds (ETFs) that track large indices and U.S. Treasury bonds.