Nomina Union: SEC authorizes DTCC to provide asset tokenization services, a huge benefit for the potential $99 trillion market DEX

Nomina co-founder Austin King posted on X: "DTCC holds assets worth $99 trillion. Today, they received a no-action letter from the U.S. Securities and Exchange Commission (SEC) regarding its stock tokenization and ETFs. I don’t know why, but I haven’t seen anyone discuss the obvious overlap with decentralized exchanges (DEX)?

A key point overlooked is that DTCC itself is not an exchange. It is a custodial institution. What does this mean?

It is an organization that actually custodies assets worth $99 trillion (the actual amount, if you don’t believe it, check out their press release today), assets that are traded daily on exchanges like the New York Stock Exchange (NYSE) and NASDAQ.

So, why does this matter? Because over the past hundred years, the American financial system has undergone an absurd and heavily regulated evolution, ultimately leading to one company custodians the entire U.S. financial system (and even more).

One key point I haven’t seen anyone mention for some reason:

Since DTCC is not an exchange, in its push for $99 trillion worth of asset tokenization, it needs exchanges to facilitate on-chain trading—just like the trading services currently provided off-chain by NYSE and NASDAQ.

Hyperliquid, Lighter, Extended—I don’t care which you think is great or garbage, that’s not the focus of this article.

The point is, most players in this field severely underestimate the market opportunity to become the best-performing decentralized exchange (DEX), and see this “decentralized exchange meta” as just the latest mining cycle.

The core of this race is about each party striving to become a proven, legitimate, compliant trading system, leveraging permissionless ledger technology to prepare the traditional financial system to adopt this technology (as DTCC explicitly stated today).

Given the enormous opportunity, this will be a fierce competition lasting many years.

As DTCC becomes the tokenization engine for the U.S. financial system, they will seek complementary companies to execute on-chain trades, just as NYSE and NASDAQ do for off-chain trades.

This is where the opportunity for decentralized exchanges (DEXs) currently lies. Their goal is simple: become the best DEX and absorb all upcoming tokenized liquidity.

Some believe that we are developing Nomina because it might be the best way to earn points on these exchanges right now, but that’s shortsighted.

We are building it because, when Trump was elected, we bet he would truly implement plans to put the financial system on-chain. True traders need a unified portal to access this new system, avoiding the mess of bridges, various wallets, gas tokens, or other absurdities we currently impose on cryptocurrency users’ experience.

Everything we see now is trivial. We are trading 50x leveraged vaporware coins with no value.

The absurd reality is that through our “degeneracy,” we are launching some machines that will become the foundation of the globally native internet financial system. And, in this process, they seem to even share ownership with us in exchange for our participation?

Don’t doubt good things, just lock in and profit."

It is reported that on December 12, U.S. regulators approved a new service marking a key step in migrating some stocks, bonds, and U.S. Treasuries onto blockchain technology. According to relevant executives, the U.S. Securities and Exchange Commission (SEC) granted a license to the Depository Trust & Clearing Corporation (DTCC) in the form of a “no-action letter,” allowing the institution to custody and confirm tokenized stocks and other real-world assets on-chain. This move enables DTCC to offer a three-year asset tokenization service on a pre-approved blockchain.