Depository Trust & Clearing Corporation (DTCC) has been authorized by the U.S. Securities and Exchange Commission (SEC) to test Tokenize services in accordance with regulatory requirements.
This is a significant step in bridging the gap between traditional finance (TradFi) and decentralized finance (DeFi). This project also has the potential to create numerous benefits for assets in the cryptocurrency market.
DTCC receives SEC approval for asset Tokenize .
According to the latest announcement, DTCC's subsidiary, The Depository Trust Company (DTC), has received a "No-Action" letter from the SEC. This letter allows DTC to Tokenize real assets held in its custody, in compliance with current federal securities regulations. This service is expected to be launched in the second half of 2026.
The No-Action Letter allows DTC to offer Tokenize services during a three-year trial period. During this period, DTC may issue digital assets on the blockchain representing certain traditional securities; these digital Token retain the same ownership, legal rights, and investor protections as traditional assets.
According to DTCC, this licensing only applies to a group of highly liquidation assets. Specifically, these include stocks included in the Russell 1000 index , ETFs that track major indices, and also US Treasury bonds, bills, and promissory notes .
“Tokenize the US stock market could bring revolutionary benefits such as increased collateral mobility, new trading methods, 24/7 trading, and smart programmable assets. However, this will only become a reality if the market infrastructure is built robust enough to kickstart this new digital era,” said Frank La Salla, President and CEO of DTCC.
Which altcoins could benefit from DTCC's tokenization service?
DTCC emphasizes that it is only permitted to offer Tokenize services in a “limited production environment on a select number of blockchains.” However, it has not yet announced which blockchain will be used for this service.
While it's unclear which blockchain will be chosen, this move has sparked much speculation within the cryptocurrency community about which ecosystems could benefit from DTCC's involvement in Tokenize. Below are three potential altcoins that could benefit:
1. Ethereum (ETH)
Ethereum is currently XEM the leading candidate for this service. According to Matthew Sigel, Head of Digital Asset Research at VanEck, the likelihood of DTCC choosing Ethereum is "99%".
on-chain data also reinforces this view. As of December 12, 2025, the total value of real Tokenize assets had reached approximately $18.48 billion, with Ethereum accounting for 66% of this market share.
According to data from RWA.xyz , there are currently approximately $12.2 billion in Tokenize real assets issued on the Ethereum network, helping the platform maintain its position as the leading public blockchain in this segment.
With its established Vai in issuing digital assets, along with its security and extensive developer ecosystem, Ethereum is further enhancing its position. DTCC has also used Ethereum in several previous projects.
DTCC and its Ethereum initiatives. Source: X/Will CorcoranThis position allows Ethereum to leverage transaction fees and liquidation flows from Tokenize securities , paving the way for it to become the foundational layer for global finance in the future.
2. Chainlink (LINK)
The next strong contender is Chainlink . Chainlink is often considered a bridge between on-chain and off-chain systems, aligning with the regulated Tokenize direction, ensuring data authenticity and interoperability that DTCC aims for. Chainlink 's oracle infrastructure, chain interoperability, and reserved validation solutions are particularly well-suited to organizational needs.
These two entities have also collaborated in the past. In 2023, DTCC and Chainlink jointly participated in SWIFT's blockchain integration project .
In September 2025, Chainlink partnered with DTCC and 24 financial institutions to address suboptimal aspects in business operations. This collaboration strengthened Chainlink's position and boosted optimism within the community.
3. Ondo Finance (ONDO)
Ondo Finance is the last name mentioned. Leading the stock Tokenize sector with the largest total value, Ondo holds $361.2 million, accounting for 51.64% of the total $699.51 million of public shares that have been Tokenize.
Recently, Ondo was found not to have violated any regulations after a two-year investigation by the SEC, providing further impetus for Ondo's expansion in the US Tokenize market. Over the past 30 days, Ondo's market share has increased by 12.67%, demonstrating its readiness to receive significant Capital inflows from institutional investors.
Therefore, if the initiative from DTCC is successfully implemented, the potential for collaboration will benefit all three networks. This could help increase credibility, improve liquidation , and promote practical applications for each ecosystem.
From a market perspective, the continued adoption of Tokenize securities by large financial institutions will positively impact prices in the long term. Increased on-chain activity, higher transaction volumes, and deeper integration with the traditional financial system could provide sustainable momentum for ETH, LINK, and ONDO in the future.





