US DTCC to Adopt Ethereum ERC-3643 Standard, Accelerating Securities Tokenization

Source
Suehyeon Lee

Summary

  • The US Depository Trust & Clearing Corporation (DTCC) reportedly plans to adopt the Ethereum ERC-3643 standard.
  • DTCC's decision is said to align with the US government's move to embrace tokenization technology.
  • A change in attitude from regulatory authorities is detected following President Donald Trump's goal.

The US Depository Trust & Clearing Corporation (DTCC) is reportedly pushing to adopt the Ethereum (ETH) ERC-3643 token standard.

According to Cointelegraph on the 21st (local time), DTCC has joined the nonprofit ERC3643 Association, which aims to promote the spread of the ERC-3643 standard.

The media outlet evaluated, "DTCC's decision comes amid the US government's move to embrace tokenization technology, indicating a shift in regulatory attitudes since President Donald Trump announced his intention to make the US the 'global hub for virtual assets (cryptocurrencies).'"

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Suehyeon Lee

shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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