The SEC sent a no-action letter to DTC, allowing DTC participants to directly transfer Tokenize securities between registered wallets; all transactions will be recorded and tracked by DTC, marking a step toward bringing the US financial market on-chain .
On December 13th, Paul Atkins wrote on X that the US market is about to move on-chain, with regulators prioritizing innovation and proactively adopting new technologies to increase predictability, transparency, and investor performance.
- The SEC sent a no-action letter to the DTC.
- DTC participants can transfer Tokenize securities between their registered wallets.
- DTC records and tracks transactions; on-chain increases transparency and efficiency.
What changes immediately?
DTC participants can directly transfer Tokenize securities to another member's registered wallet; these transactions are recorded and tracked by DTC.
The ability to directly transfer assets within the DTC system streamlines asset flow, reduces manual processing, and increases operational transparency. Centralized recording by DTC provides a foundation for clearer tracking and reconciliation, supporting the widespread adoption of on-chain models for securities.
The position of the regulatory body
The SEC sent a letter to the American Depository Trust & Clearing Corporation (DTC), stating that it would not take action, thereby not hindering testing/transition to on-chain operation.
The message aligns with the priority of innovation and the adoption of new technologies. According to Paul Atkins, the on-chain market will bring greater predictability, transparency, and performance to investors. The move with DTC is a concrete operational step, opening up the right to transfer Tokenize assets within the DTC framework from December 13th.
