Hashkey Joins DTCC Digital Assets Advisory Group as First Asian Provider
Quick Look
Hashkey Capital has joined the DTCC's Digital Assets Advisory Services Industry Working Group as its first Asian digital asset service provider, collaborating with over 100 global financial institutions including JPMorgan Chase and Goldman Sachs to define institutional standards for tokenized asset issuance, settlement, and safeguarding, with DTCC planning to launch tokenized securities access in October.
AI-generated summary
Why It Matters
DTCC is a core post-trade infrastructure provider in traditional financial markets, custodied $114 trillion in liquid assets including stocks and ETFs. Its Digital Assets Advisory Services Industry Working Group was formed to connect traditional finance with DeFi infrastructure. In December, the SEC issued a 'no action' letter to a DTCC subsidiary enabling a new securities market tokenization service.
Hashkey joined the Depository Trust & Clearing Corporation’s (DTCC) Digital Assets Advisory Services Industry Working Group as its first Asian digital asset service provider.
Hashkey joins over 100 other global financial institutions and asset managers to help define how tokenized assets are issued, settled and safeguarded at an institutional scale. Other participants include JPMorgan Chase, Goldman Sachs, Nasdaq and the New York Stock Exchange (NYSE), the company revealed in a Wednesday announcement.
DTCC is a core post-trade infrastructure provider in traditional financial markets. Its working group was formed to connect traditional finance with decentralized finance (DeFi) infrastructure. DTCC plans to launch access to tokenized securities in October, in conjunction with the working group. DTCC custodies $114 trillion in liquid assets, including stocks and exchange-traded funds.
In December, the US Securities and Exchange Commission (SEC) issued a “no action” letter to a DTCC subsidiary, enabling it to offer a new securities market tokenization service.
SEC Chairman Paul Atkins said that the green light for the DTCC’s pilot is only the beginning, as the SEC will consider an innovation exemption to enable builders to start “transitioning our markets onchain,” without being burdened by “cumbersome regulatory requirements,” according to a Dec. 12 X post.
Atkins first proposed an innovation exemption for tokenization during his remarks at the Crypto Task Force Roundtable on DeFi on June 9.
What to Watch
AI outlook — possibilities, not facts
DTCC will launch access to tokenized securities in October 2026 as stated in the announcement
Very likely · Within months
The SEC will consider an innovation exemption to enable builders to transition markets onchain
Likely · Within months
Open Questions
- What specific tokenized assets will DTCC offer in October?
- How will Hashkey contribute to the working group's standards development?
- What criteria determine membership in DTCC's Digital Assets Advisory Services Industry Working Group?
