#SECTokenizedStocksPlan
SEC's Tokenized Stocks Pilot: A Real Step Toward On-Chain Markets
So, the SEC has given the DTCC the green light for a three-year pilot program. It's letting them tokenize actual U.S. stocks from the Russell 1000, along with bonds, ETFs, and Treasuries, all on carefully vetted blockchains. This isn't some synthetic copy or wrapped version—it's a direct digital mirror of what's already sitting in the DTCC's custody, with the same ownership rights and protections.
The idea is to test out faster settlements, trading that doesn't stop at 4 p.m., and fractional shares that make sense for everyday investors, without throwing away the safeguards we've relied on forever, like broker oversight and proper KYC.
It's exciting, no question. This could genuinely bridge traditional finance with blockchain in a way that feels practical rather than revolutionary hype. But it's still just a pilot—limited scope, controlled rollout starting next year—and regulators are clearly keeping a close eye on risks like security or market disruptions. Still, for anyone watching how real-world assets might evolve, this feels like one of those quiet but important shifts.