US securities custody and settlement company DTCC will promote ERC3643 token standard

According to a March 21 report, according to a notice on March 20, the main clearing agency for U.S. securities trading, the depositary trust and clearing company (DTCC), promised to promote Ethereum's ERC-3643 standard for licensed securities tokens. DTCC will join the ERC3643 Association, a nonprofit organization dedicated to promoting the adoption of the standard, with the goal of “promoting and advancing the ERC3643 Token Standard.” This support highlights the positive attitude of US regulators toward tokenization after President Trump vowed to build the United States into the "world's crypto capital." This also shows that the Ethereum blockchain network may play an important role in the US licensed securities token ecosystem.

"DTCC will help lead the future of tokenization and support large-scale adoption by institutions," said Dennis O'Connell, president of the ERC3643 Association. ERC-3643, also known as the T-REX protocol, is "a set of open source smart contracts that support the issuance, management and transfer of licensed tokens...even on a licensed blockchain." It relies on a customized decentralized identity protocol, ensuring that only users who meet preset conditions can become token holders.