you are currently viewing:Dawning of a New Era in Securities Trading: SEC Greenlights DTC's Securities Tokenization Pilot ProgramJanuary 6, 2026-On December 11, 2025, the U.S. Securities and Exchange Commission (the "SEC”) issued no-action relief1(the "DTC Letter") to The Depository Trust Company ("DTC") permitting for three years the operation of a pilot version (the "Pilot Program") of DTC's securities tokenization program (the "DTCC2 Tokenization Services"). This development marks an early step toward fulfilling SEC Chair Paul Atkins's vision of a new era in which tokenization becomes the foundation of financial infrastructure whereby any security that can be tokenized ultimately will be tokenized.3 DTC Pilot Program General The DTC Letter states that DTC can provide DTC participants and their customers the ability to elect to have their security entitlements recorded using distributed ledger technology ("Tokenized Entitlements") as opposed to solely through a centralized book-entry ledger (the "Book-Entry Ledger"). In order to hold securities entitlements in tokenized form, a DTC participant4 ("Participant") must register one or more digital wallets (each, a "Registered Wallet") with DTC. DTC will then perform screening to ensure compliance with applicable laws, including anti-money laundering laws. Source: Seward & Kissel |
December 30, 2025-Today, Tidal Financial Group and TimesSquare Capital Management announced the debut of the TimesSquare Quality Mid Cap Growth ETF (Nasdaq: TSCM), an actively managed U.S. mid cap growth ETF. This product leverages TimesSquare's 25-year investment history of creating quality growth portfolios into a tax-efficient and transparent ETF structure.
December 30, 2025-Defiance ETFs today announced the launch of the Defiance Daily Target 2X Long ONDS ETF (ONDL), further expanding its lineup of single-stock leveraged ETFs designed for active traders seeking amplified short-term exposure to innovative and emerging technology companies.
December 29, 2025-FIS Bright Portfolios Focused Equity ETF (NYSE: BRIF) ("BRIF") held a special meeting of shareholders earlier today (the "Special Meeting"). At the Special Meeting, the Fund's shareholders were asked to approve an Agreement and Plan of Reorganization pursuant to which BRIF will be reorganized into FIS Trust, as approved by BRIF's Board of Trustees.
December 29, 2025-Unlimited ETFs, along with Tidal Financial Group, today announced that two of its ETFs-the Unlimited HFMF Managed Futures ETF (NYSE Arca: HFMF) and the Unlimited HFEQ Equity Long/Short ETF (NYSE Arca: HFEQ)-will transfer their listings from NYSE Arca to the New York Stock Exchange LLC ("NYSE"), effective January 2, 2026.