The Depository Trust & Clearing Corporation (DTCC) – The main exchange center for securities transactions in the United States – is committed to promoting the ERC -3643 Ethereum standard for authorized titles tokens, according to an announcement of March 20.
DTCC joins the association ERC3643, a non-profit organization dedicated to the catalysis of the adoption of the standard in order to “promote and advance the standard of ERC3643 token”, he said.
Approval underlines how American regulators adopt tokenization after President Donald Trump promised to make America the “world capital of cryptography”.
This also suggests that the Ethereum blockchain network can play an important role in the Ecosystem of Security Tests authorized in the United States.
“The DTCC will help direct the scale of the future of tokenization and support for institutional adoption,” said Dennis O’Connell, president of the association ERC3643, in a press release.
ERC-3643 is a standard for authorized Ethereum tokens. Source: ERC3643.org
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Early mover
The DTCC is a private organization closely supervised by the American Securities and Exchange (SEC) commission. He settles most American transactions in terms of titles.
In 2023, the DTCC processed transactions with a total value of $ 3 quadrillion, according to its annual report.
Also known as the T-Rex protocol, ERC-3643 is “an open source of intelligent contracts which allows the emission, management and transfer of authorized tokens […] Even on blockchains without authorization ”, according to the website of the ERC3643 association.
It is based on a tailor-made decentralized identity protocol to ensure that only users reach pre-special conditions can become chip holders.
The DTCC was an early mover among American financial supervisors in the adoption of blockchain technology, piloting several initiatives linked to ONCHAIN securities transactions. They include American cash tasks.
In February, Clearinghouse launched Composerx, a platform designed to rationalize the creation of tokens and the regulations for regulated American financial institutions.
In November, the Commodity Future Trading Commission (CFTC) – a high American financial regulator – plans to explore similar technologies for the ONCHAIN regulations on the derivative markets.
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