SEC Approves DTCC Blockchain Tokenization: Industry Milestone

Frank La Salla, President and CEO of the Depository Trust & Clearing Corporation, appeared on CNBC to discuss the no-action letter it received from the SEC regarding its tokenization services program. During the interview, La Salla spoke about how the securities industry has been gradually moving toward tokenization and the tokenization of real-world assets over the past several years and how it is natural for the industry to look at blockchain as the next generation of technology for assets.