US Markets Race Toward Onchain Settlement After SEC No Action
Startupnews
US financial markets are accelerating their move to onchain settlement following supportive signals from the SEC regarding tokenization.Summary
US financial markets are rapidly progressing towards onchain settlement systems, spurred by recent statements and actions from the Securities and Exchange Commission (SEC). SEC Chair Paul Atkins indicated the agency is “embracing new technologies” to facilitate an “onchain future” and is considering an “innovation exemption” to accelerate the tokenization process. This shift follows the SEC issuing a “no action” letter to a DTCC subsidiary, paving the way for further development in this area. The move suggests a growing acceptance of blockchain technology within traditional finance and a potential overhaul of current settlement infrastructure.
(Source：Startupnews)