The DTCC, the primary US clearinghouse for securities transactions, has announced support for Ethereum's ERC-3643 standard for permissioned tokens.
DTCC and ERC-3643 Standard
DTCC has joined the ERC3643 Association to promote the ERC-3643 standard, which enables the issuance and management of permissioned tokens on the Ethereum blockchain.
DTCC's Early Blockchain Initiatives
DTCC has been actively exploring blockchain technology, piloting projects on the settlement of tokenized securities and launching the ComposerX platform to streamline token creation.
Importance of ERC-3643 for the US Market
The implementation of the ERC-3643 standard strengthens the US's position in the tokenized securities ecosystem, highlighting the importance of Ethereum blockchain for the future market.
DTCC plays a key role in integrating blockchain technologies into the US financial system, promoting the implementation and development of the ERC-3643 standard for tokenized securities.
