[US SEC Allows DTCC to Custody and Recognize Tokenized Stocks and Other RWA Assets on Blockchain] According to Bloomberg, the U.S. Securities and Exchange Commission (SEC) has granted permission to the Depository Trust & Clearing Corporation (DTCC) in the form of a no-action letter, allowing the company to custody and recognize tokenized stocks and other real-world assets (RWA) on blockchain. This move enables DTCC to provide tokenization services on pre-approved blockchains for a three-year period. SEC Commissioner Hester Peirce stated in a statement: 'Although the project is still in its pilot phase and subject to various operational constraints, it marks an important step toward the market's migration to on-chain operations.' Michael Winnike, DTCC’s Head of Global Strategy and Market Solutions for Clearing and Securities Services, mentioned in an interview that after obtaining the permission, DTCC will also expand its record-keeping operations to blockchain. As the core clearing and settlement center of the U.S. financial system, DTCC plays a critical role in the equities and fixed-income markets. Many liquid assets in the U.S. market are held in DTCC’s custody division—Depository Trust Co. The company is expected to launch its new tokenization services in the second half of next year.