# DTC Articoli collegati

Il Centro Notizie HTX fornisce gli articoli più recenti e le analisi più approfondite su "DTC", coprendo tendenze di mercato, aggiornamenti sui progetti, sviluppi tecnologici e politiche normative nel settore crypto.

Clearing Giant with $114 Trillion in Assets Tokenizes Securities, Has Crypto Won?

On July 15, the US securities settlement giant DTCC conducted its largest production-level test for tokenization, marking a significant shift from previous workarounds. The test involved approximately 40 institutions, including major players like JPMorgan, Citadel Securities, and State Street, as well as crypto-native firms such as Circle, Chainlink, and Ondo Finance. For the first time, DTCC, which custodies over $114 trillion in securities, directly created on-chain "digital twin" tokens for stocks, ETFs, and U.S. Treasuries held in its depository (DTC). These tokens share the same CUSIP identifiers and legal rights as the underlying assets. Key transactions included JPMorgan tokenizing an Invesco QQQ ETF to post as collateral at CME Group and DriveWealth settling a tokenized equity trade with Vanguard. The test paves the way for the official launch of the DTCC Tokenization Service in October. This move centralizes the issuance authority for tokenized traditional securities with the core market infrastructure itself. While projects like Ondo Finance (which participated in the test) will continue providing distribution and DeFi integration, their underlying collateral can now be DTCC-issued tokens, enhancing transparency and credit backing. The initiative aims to unlock liquidity in collateral by enabling 24/7 settlement and transfer across venues, a direct efficiency gain for DTCC. The test culminates years of DTCC's blockchain exploration, utilizing two key infrastructures: a private Hyperledger Besu chain for internal control and the Canton network (co-chaired by DTCC and Euroclear) for interoperable, privacy-focused transactions with external institutions. The event signals institutional tokenization moving into a new, mainstream phase led by traditional finance incumbents.

Foresight News07/16 08:15

Clearing Giant with $114 Trillion in Assets Tokenizes Securities, Has Crypto Won?

Foresight News07/16 08:15

The Allbirds, the Internet-Famous Shoes That Took Silicon Valley by Storm, Are Now All in on AI

Allbirds, the once-popular sustainable shoe brand favored by Silicon Valley elites and celebrities, has announced a drastic pivot from footwear manufacturing to AI infrastructure. On April 15, 2026, the company revealed plans to abandon its shoe business entirely, rebrand as "NewBird AI," and focus on GPU-as-a-service and AI cloud solutions. The move caused its stock to surge over 800% in a single day. The brand, known for its wool-based eco-friendly shoes, had struggled financially in recent years. Revenue fell from a peak of $298 million in 2022 to $152 million in 2025, with cumulative losses of $419 million over five years. In March 2026, Allbirds sold its intellectual property and footwear assets for just $39 million—a fraction of its former $4.1 billion valuation. The company secured up to $50 million in convertible notes to fund the acquisition of GPU hardware for AI compute leasing. However, the announcement lacked details about technical capacity, clients, or infrastructure plans. Critics highlight the high execution risks in the competitive AI infrastructure market, dominated by major cloud providers. The shift reflects a broader trend of companies rebranding around AI to attract investor interest, despite uncertain fundamentals. Allbirds also removed its "public benefit" corporate mission, signaling a departure from its original sustainability ethos. The move underscores the power of AI narrative in today’s capital markets, where storytelling often precedes substance.

marsbit04/16 02:13

The Allbirds, the Internet-Famous Shoes That Took Silicon Valley by Storm, Are Now All in on AI

marsbit04/16 02:13

The Inevitable Rise of Equity-like Tokens

The article "The Inevitable Rise of Equity-Like Tokens" discusses the long-standing conflict between equity holders and token holders in crypto projects, using Uniswap's delayed fee switch implementation as a key example. It argues that neither extreme—fully eliminating equity for on-chain ownership nor abandoning tokens entirely—is optimal. Equity provides legal rights, governance control, and access to deeper capital markets, while tokens offer transparency, instant settlement, and community alignment. The piece highlights that tokenization of traditional equities is accelerating, with initiatives like the DTC pilot program and Nasdaq’s proposed tokenized securities trading. The author concludes that 2026 will be a year of innovation in equity-like tokens, merging legal protections with digital ownership, ultimately moving beyond the equity-vs-token debate toward a unified model of transparent, legally-backed digital ownership.

marsbit01/21 12:50

Frontline Report | Web3 Lawyer Deciphers the Latest Changes in U.S. Stock Tokenization!

The U.S. SEC has issued a No-Action Letter to DTCC’s subsidiary DTC, allowing it to conduct a pilot program for tokenizing traditional securities without prior rule-change approvals under certain conditions. This move is seen as a regulatory step toward modernizing securities infrastructure using blockchain, though it is not a full endorsement of tokenization. The tokenization will function as a parallel record-keeping system on a permissioned blockchain, improving back-end efficiency without altering legal ownership structures. Meanwhile, Nasdaq has separately proposed extended trading hours, sparking speculation about 24/7 trading alignment with crypto markets, though the proposal does not explicitly mention tokenization. The developments indicate growing institutional interest in blockchain-based settlement efficiency, though widespread adoption remains cautious and incremental.

marsbit12/18 10:40

Frontline Report | Web3 Lawyer Deciphers the Latest Changes in U.S. Stock Tokenization!

marsbit12/18 10:40

Frontline Insights | Web3 Lawyer Deciphers the Latest Developments in U.S. Stock Tokenization!

Summary: On December 15, 2025, Nasdaq submitted a proposal to the SEC to extend U.S. stock trading hours to 23/5, sparking speculation about tokenization, though the filing did not mention it. More significantly, on December 11, the SEC issued a No-Action Letter (NAL) to DTCC, allowing its subsidiary DTC to conduct a pilot for tokenizing traditional securities under strict conditions. The NAL exempts DTC from certain procedural filing requirements but does not constitute a full regulatory endorsement. DTC's pilot involves creating tokenized representations of securities on a permissioned blockchain, allowing direct transfers between approved wallets while maintaining central oversight through its LedgerScan system. This move signals cautious regulatory openness to blockchain efficiency improvements in settlement and asset tracking, without altering the fundamental nature of securities. The development represents a step toward modernizing market infrastructure, with two parallel paths emerging: backend efficiency gains led by institutions like DTCC, and front-end user-facing innovations from brokers and trading platforms, all within evolving regulatory boundaries.

深潮12/18 10:16

Frontline Insights | Web3 Lawyer Deciphers the Latest Developments in U.S. Stock Tokenization!