Bitcoin (CRYPTO: BTC) topped $82,000 Wednesday morning as the DTCC announced it will pilot tokenized equities trading in July with over 50 institutions including BlackRock (NYSE:BLK), JPMorgan (NYSE:JPM), and Goldman Sachs (NYSE:GS).
DTCC Moves Faster Than Expected
The DTCC pilot aligns with SEC Chairman Paul Atkins‘ Project Crypto initiative to bring traditional assets on-chain.
Last year, the DTCC received a no-action letter from the SEC and announced plans to tokenize everything.
Sid Powell, founder of Maple Finance, noted the speed caught everyone off guard given how slowly large organizations typically move.
The DTCC appears to be racing crypto exchanges to tokenize equities before crypto platforms start offering tokenized securities.
“Can tradfi tokenize equities and bring crypto traders back to those venues before the crypto exchanges start offering the tokenized equities?” Powell asked …
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