SEC Pilots Tokenized Securities on Arc Blockchain with 5-Year Exemption Window
What happened
The U.S. Securities and Exchange Commission is leading a tokenized securities pilot framework that utilizes Arc, the Layer-1 blockchain infrastructure network developed by Circle. The SEC opened a conditional 5-year exemption window allowing select institutional venues to begin pilot trading of tokenized stocks directly on public blockchains.
From coindesk.com
Why it matters
This pilot framework involves the SEC utilizing Arc as a subscriber for its tokenized securities program. The initiative allows for the testing of tokenized assets within a regulated pilot environment, potentially setting precedents for future digital asset market structure.
Major financial institutions, including Circle, Goldman Sachs, and BlackRock, participated in a DTCC tokenization pilot supported by the SEC.
From coindesk.com
Who's involved
- SECLeading the tokenized securities pilot framework utilizing Arc.
- CircleDeveloped Arc, the Layer-1 blockchain infrastructure network used in the pilot.
- ARCThe Layer-1 blockchain infrastructure network utilized by the SEC's pilot framework.
- Goldman SachsParticipated in a broader tokenization pilot supported by the SEC.
- BlackRockParticipated in a broader tokenization pilot supported by the SEC.
How it developed
Newest first. Tap a step to see who reported it.- Bureau Veritas audited tokenized gold reserves related to the Arc blockchain built by Circle.Sub-event
SEC is leading a tokenized securities pilot framework involving Circle's Arc network.1 source
Keep exploring
Part of
Major financial institutions, including Circle, Goldman Sachs, and BlackRock, participated in a DTCC tokenization pilot supported by the SEC.Also in this story
- BlackRock filed products with the SEC for potential approval, including a tokenized share class on Ethereum that manages Circle's reserves.
- DTCC plans to start trading tokenized assets, while banks plan a shared tokenized-deposit network and the FDIC permits crypto custody.
The entities involved
-
ARC
software
- Circle's Arc network achieved major milestones with BlackRock and Visa joining as founding validators, and Binance integrating routes.
- Coinbase is lobbying for favorable Clarity Act legislation, Circle is building financial infrastructure on the Arc network, and MicroStrategy Inc. remains the largest Bitcoin treasury holder.
-
Circle
peer-to-peer payments technology company
- Coinbase operates as a leading regulated crypto exchange, utilizing its Base Layer-2 network built on Ethereum, and shares revenue with Circle in the USDC ecosystem.
- Hana Bank is participating in a settlement network trial involving the Bank of Korea, while Binance announces a $100M investment to promote Circle's USDC.
-
SEC
Slovak company
Related events
- Arc, the Layer-1 blockchain built by Circle, has entered into partnerships with DTCC and the world's largest asset manager, BlackRock.
- Circle introduced Arc as an open Layer-1 blockchain.
- Circle is building its own blockchain via Arc and testing stablecoin rails on Base, while facing market pressures regarding high distribution partner costs.
- Circle is identified as a global financial technology firm.