PANews reported on December 12th, citing Bloomberg, that the U.S. Securities and Exchange Commission (SEC) granted a license to the Depository Trust and ClearingPANews reported on December 12th, citing Bloomberg, that the U.S. Securities and Exchange Commission (SEC) granted a license to the Depository Trust and Clearing

The US SEC has allowed the DTCC to custody and endorse tokenized stocks and other RWA assets on the blockchain.

2025/12/12 07:28

PANews reported on December 12th, citing Bloomberg, that the U.S. Securities and Exchange Commission (SEC) granted a license to the Depository Trust and Clearing Corporation (DTCC) via a no-action letter, allowing the company to custody and endorse tokenized stocks and other real-world assets (RWAs) on a blockchain. This move enables DTCC to offer tokenization services on a pre-approved blockchain for a period of three years. SEC Commissioner Hester Peirce stated in a press release, “While the project is still in the pilot phase and subject to various operational limitations, it marks a significant step towards the market’s migration to on-chain.” Michael Winnike, Head of Global Strategy and Market Solutions for Clearing and Securities Services at DTCC, stated in an interview that with the license, DTCC will also extend its record-keeping operations to the blockchain.

As a core clearing and settlement center in the U.S. financial system, DTCC plays a vital role in the equity and fixed-income product markets. Many liquid assets in the U.S. market are held in custody by DTCC's custodian, Depository Trust Co. The company is expected to launch a new tokenization service in the second half of next year.

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China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise

China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise

The post China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise appeared on BitcoinEthereumNews.com. China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise China’s internet regulator has ordered the country’s biggest technology firms, including Alibaba and ByteDance, to stop purchasing Nvidia’s RTX Pro 6000D GPUs. According to the Financial Times, the move shuts down the last major channel for mass supplies of American chips to the Chinese market. Why Beijing Halted Nvidia Purchases Chinese companies had planned to buy tens of thousands of RTX Pro 6000D accelerators and had already begun testing them in servers. But regulators intervened, halting the purchases and signaling stricter controls than earlier measures placed on Nvidia’s H20 chip. Image: Nvidia An audit compared Huawei and Cambricon processors, along with chips developed by Alibaba and Baidu, against Nvidia’s export-approved products. Regulators concluded that Chinese chips had reached performance levels comparable to the restricted U.S. models. This assessment pushed authorities to advise firms to rely more heavily on domestic processors, further tightening Nvidia’s already limited position in China. China’s Drive Toward Tech Independence The decision highlights Beijing’s focus on import substitution — developing self-sufficient chip production to reduce reliance on U.S. supplies. “The signal is now clear: all attention is focused on building a domestic ecosystem,” said a representative of a leading Chinese tech company. Nvidia had unveiled the RTX Pro 6000D in July 2025 during CEO Jensen Huang’s visit to Beijing, in an attempt to keep a foothold in China after Washington restricted exports of its most advanced chips. But momentum is shifting. Industry sources told the Financial Times that Chinese manufacturers plan to triple AI chip production next year to meet growing demand. They believe “domestic supply will now be sufficient without Nvidia.” What It Means for the Future With Huawei, Cambricon, Alibaba, and Baidu stepping up, China is positioning itself for long-term technological independence. Nvidia, meanwhile, faces…
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BitcoinEthereumNews2025/09/18 01:37