SEC Clears DTCC for Tokenization Services: 3 Altcoins Stand to Benefit

The Depository Trust & Clearing Corporation (DTCC) has received clearance from the US Securities and Exchange Commission to pilot a regulated tokenization service. This is a significant step toward bridging the gap between traditional finance (TradFi) and decentralized finance (DeFi). Furthermore, the initiative can likely benefit several assets in the cryptocurrency market. DTCC Receives SEC Nod for Asset Tokenization In a recent announcement, DTCC stated that its subsidiary, The Depository Trust Company (DTC), has obtained a No-Action Letter from the SEC source: https://beincrypto.com/dtcc-sec-asset-tokenization-blockchain/