{"id":125498,"date":"2025-03-20T21:15:52","date_gmt":"2025-03-20T21:15:52","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=125498"},"modified":"2025-03-20T21:15:52","modified_gmt":"2025-03-20T21:15:52","slug":"dtcc-to-promote-erc3643-token-standard","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=125498","title":{"rendered":"DTCC to promote ERC3643 token standard"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsThe Depository Trust &amp; Clearing Corporation (DTCC) \u2014 the US\u2019s primary clearinghouse for securities transactions \u2014 has committed to promoting Ethereum\u2019s ERC-3643 standard for permissioned securities tokens, according to a March 20 announcement.\u00a0<br \/>\nDTCC is joining the ERC3643 Association, a nonprofit dedicated to catalyzing the standard\u2019s adoption with the goal of \u201cpromoting and advancing the ERC3643 token standard,\u201d it said.<br \/>\nThe endorsement highlights how US regulators are embracing tokenization after President Donald Trump vowed to make America the \u201cworld\u2019s crypto capital.\u201d\u00a0<br \/>\nIt also suggests that the Ethereum blockchain network may play an important role in the US\u2019s permissioned security token ecosystem.\u00a0<br \/>\n\u201cDTCC will help lead the future of tokenization and support institutional adoption at scale,\u201d Dennis O\u2019Connell, president of the ERC3643 Association, said in a statement.<br \/>\nERC-3643 is a standard for permissioned Ethereum tokens. Source: ERC3643.orgRelated: Tokenization can transform US markets if Trump clears the way<br \/>\nEarly mover<br \/>\nThe DTCC is a private organization closely overseen by the US Securities and Exchange Commission (SEC).\u00a0It settles most US securities transactions.<br \/>\nIn 2023, the DTCC processed transactions worth an aggregate of $3 quadrillion, according to its annual report.\u00a0<br \/>\nAlso known as the T-REX Protocol, ERC-3643 is \u201can open-source suite of smart contracts that enables the issuance, management, and transfer of permissioned tokens  even on permissionless blockchains,\u201d according to the ERC3643 Association\u2019s website.\u00a0<br \/>\nIt relies on a custom-built decentralized identity protocol to ensure that only users meeting pre-specified conditions can become tokenholders.\u00a0<br \/>\nThe DTCC has been an early mover among US financial overseers in embracing blockchain technology, piloting several initiatives related to onchain securities transactions. They include testing settling tokenized US Treasury Bills on the Canton Network and piloting private asset tokenization on an Avalanche (AVAX) subnet.\u00a0<br \/>\nIn February, the clearinghouse launched ComposerX, a platform designed to streamline token creation and settlement for regulated US financial institutions.<br \/>\nIn November, the Commodity Future Trading Commission (CFTC) \u2014 a top US financial regulator \u2014 tipped plans to explore similar technologies for onchain settlement in the derivatives markets.<br \/>\nMagazine: Terrorism and Israel-Gaza war weaponized to destroy crypto<a href=\"https:\/\/cointelegraph.com\/news\/dtcc-vows-to-promote-erc3643-token-standard?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsThe Depository Trust &amp; Clearing Corporation (DTCC) \u2014 the US\u2019s primary clearinghouse for securities transactions \u2014 has committed to promoting Ethereum\u2019s ERC-3643 standard for permissioned securities tokens, according&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125498"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125498"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125498\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125498"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}