US SEC Chairman: DTC participants can directly transfer tokenized securities to other participants' registered wallets.
AI Summary1 min read
TL;DR
SEC Chairman Paul Atkins announced that the U.S. financial market is moving on-chain, prioritizing innovation. DTC participants can now directly transfer tokenized securities to other participants' registered wallets, with transactions officially recorded by DTC.
Tags
SECtokenized securitiesDTCon-chain marketsfinancial innovation
According to Mars Finance, Paul Atkins, Chairman of the U.S. Securities and Exchange Commission (SEC), stated in an article published on the X platform that the U.S. financial market is about to transition to on-chain and will prioritize innovation and actively adopt new technologies. The SEC has sent a letter to the American Depository Trust & Clearing Corporation (DTC) stating that it will not take action. On-chain markets will bring investors greater predictability, transparency, and efficiency. Now, DTC participants can directly transfer tokenized securities to the registered wallets of other participants, and these transactions will be officially recorded and tracked by the DTC.