#美国证券交易委员会推进数字资产监管框架创新 The SEC approves DTCC tokenization services—what's happening in the crypto market?

On December 11, the U.S. Securities and Exchange Commission(SEC) officially approved the tokenization service application from the Depository Trust & Clearing Corporation(DTCC). This decision isn't that simple—what does it mean?

Here's the core change:
✓ Traditional assets worth over $100 trillion (stocks, ETH, US bonds) are ready to go on-chain
✓ On-chain tokens enjoy the same legal status and compliance protections as traditional assets
✓ The ERC-3643 standard is anchored as the designated protocol standard for tokenized assets

How significant is this impact on the market?

The gate for institutional funds has opened. DTCC manages $100 trillion in liquidity, and now these funds can flow into the blockchain in token form. In the past, institutional entry was hidden; now, with regulatory approval—banks, funds, and insurance companies entering the crypto market is no longer in the gray area.

CeDeFi (centralized and decentralized finance integration) is truly coming. Tokenized stocks and bonds can be directly used as collateral in DeFi protocols. The T+2 clearance cycle is replaced by real-time settlement. The efficiency of the entire financial infrastructure will leap forward qualitatively.

Regulatory attitude shifts itself signal a change. The SEC's move indicates: blockchain is no longer just a testing ground for financial innovation but recognized as a foundational financial infrastructure. Follow-up actions in other jurisdictions are to be expected.

Why will Ethereum benefit the most?

ERC-3643 is essentially a token standard specifically designed for compliant assets. Ethereum being designated as the main platform for this standard is equivalent to gaining a direct pass for institutional capital entry. Layer 2 networks like Arbitrum and Optimism will also benefit from the strong mainnet, with significant growth expected in institutional-level TVL and transaction fees.

In the short term, native pure crypto assets may be suppressed by the hype around asset tokenization. But from a 5- or 10-year perspective, as trillions of dollars of real assets go on-chain, the overall market capacity is expanding—this is no longer a battle over existing assets but an era of growth.

The question left to you: does this mark the true beginning of the crypto market's move towards compliance? How will Ethereum and DeFi leverage this opportunity?

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