Regulation · Permission · United States · No-action relief

SEC no-action relief for the DTC Tokenization Service

SEC staff relief allowing DTC to run its tokenisation service in a controlled production environment for DTC participants and their clients, across approved layer-1 and layer-2 networks.

In force · effective Dec 2025 · part of SEC framework for tokenised securities and crypto assets (federal securities laws, staff statements and exemptive relief)