Wall Street’s Tokenization Race Heats Up as SEC Reviews New Rules

TLDR: Major U.S. banks are building tokenized deposit networks for interbank settlement and clearing. DTCC plans tokenized equity and Treasury trades before a broader platform launch in October. Tokenized stocks surpassed $1.5 billion in value after growing more than 3,300% since 2024. SEC discussions around tokenized stock rules signal growing regulatory engagement with the sector. [...]

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