Scan to download
BTC $67,033.03 -2.84%
ETH $1,871.70 -5.27%
BNB $635.10 -5.91%
XRP $1.23 -2.46%
SOL $74.86 -5.29%
TRX $0.3336 -2.20%
DOGE $0.0940 -4.72%
ADA $0.2156 -3.30%
BCH $249.71 -12.59%
LINK $8.52 -3.62%
HYPE $73.62 +0.92%
AAVE $76.18 -1.78%
SUI $0.8344 -1.70%
XLM $0.2294 -1.10%
ZEC $617.41 +6.11%
BTC $67,033.03 -2.84%
ETH $1,871.70 -5.27%
BNB $635.10 -5.91%
XRP $1.23 -2.46%
SOL $74.86 -5.29%
TRX $0.3336 -2.20%
DOGE $0.0940 -4.72%
ADA $0.2156 -3.30%
BCH $249.71 -12.59%
LINK $8.52 -3.62%
HYPE $73.62 +0.92%
AAVE $76.18 -1.78%
SUI $0.8344 -1.70%
XLM $0.2294 -1.10%
ZEC $617.41 +6.11%

limited

DTCC will launch limited trading of tokenized assets in July, having received feedback from BlackRock, Circle, and others

The core institution for custody and settlement in the U.S. market, the Depository Trust & Clearing Corporation (DTCC), announced that it will begin facilitating preliminary, limited real asset production transactions in July 2026, with a full launch of its tokenization services in October. This service was approved at the end of last year through a No-Action Letter from the U.S. Securities and Exchange Commission (SEC), allowing DTCC to provide participants with the ability to tokenize specific high liquidity assets on a pre-approved blockchain during a three-year authorization period. These assets include components of the Russell 1000 Index, ETFs tracking major U.S. stock indices, as well as U.S. Treasury securities, notes, and bonds.DTCC President and CEO Frank La Salla stated, "We believe that tokenization will significantly change the way markets operate, bringing new levels of liquidity, transparency, and efficiency to investors." More than 50 companies are set to participate in DTCC's industry working group, including Morgan Stanley, Nasdaq, Kraken's parent company Payward, and Robinhood Markets, while companies like BlackRock and Circle have provided feedback. As financial firms explore bringing traditional assets onto the blockchain, interest in tokenization has surged, and this shift is expected to enable 24/7 trading and faster settlement speeds.

Chen Weimin: The schedule for the issuance of the second batch of licenses has not yet been determined, and the total number of future licenses will be very limited

According to Tencent News' "Periscope," the Vice President of the Hong Kong Monetary Authority, Chen Weimin, stated that the timeline for issuing the second batch of licenses has not yet been determined, as it needs to be "based on the operational situation of the first two companies," and the total number of licenses in the future will be very limited.In addition, sources revealed that Chinese institutions that participated in the application submission have received "window guidance" from relevant departments, requesting them to postpone their participation in the stablecoin license application. However, some Chinese institutions have continued to communicate with the Hong Kong Monetary Authority over the past few months. After excluding Chinese institutions, the vast majority of the proposed applicants have limited capabilities, and there are not many qualified institutions that can fully meet the requirements of the "Stablecoin Regulation."Lee Kuan-hong, the head of HSBC Payme, told reporters that any Payme user can open a stablecoin account. In the stablecoin account, users can directly transfer money to friends and family, transfer to merchants, or invest in products linked to stablecoins. Users in the HSBC app cannot directly open an account; they must wait for HSBC to screen eligible users before applying for a stablecoin account.Payme account opening has required users to be local residents of Hong Kong, while users of the HSBC app also include mainland users. Under the existing management framework in Hong Kong, only local residents can participate in virtual asset trading, and mainland customers, even if they are mobile payment users of HSBC Hong Kong, cannot apply for a stablecoin account.
app_icon
ChainCatcher Building the Web3 world with innovations.