|
By Georges BOCK, CEO Founder and Sacha Marcolini, Head of Legal Compliance, InveSTRe S.A.
For those following developments in tokenisation and digital finance, recent news from the United States are striking. On December 11, 2025 the U.S. Securities and Exchange Commission (“SEC”) has issued a no-action letter to the Depository Trust Clearing Corporation (“DTCC”) – the functional equivalent, in many respects, of European infrastructures such as Clearstream – inviting DTCC to move forward to implement and operate a tokenised capital market infrastructure for amongst other Bonds, Equities, ETFs and treasury bills.
In practical terms, this provides regulatory comfort for the deployment of tokenisation at scale across clearing,...
|