Wall Street suddenly stops pretending.

The clearing giant in the US overseeing hundreds of trillions of dollars in transactions—the Depository Trust & Clearing Corporation (DTCC)—just received SEC approval and is preparing to move traditional assets onto the blockchain at scale. This isn’t a test; they’re doing it for real over the next three years.

**What’s the concept?** Stock components of Russell 1000 (covering over 90% of US stock market capitalization), mainstream index ETFs, and US Treasuries will all be tokenized on-chain. Starting in the second half of 2026, these will be phased in. The wall between traditional finance and the crypto world is being dismantled by the authorities themselves.

Let's look at some key signals:
- **Asset scope**: Russell 1000 constituents (about 92% of US market value) + major index ETFs + US Treasuries
- **Timeline**: Gradual rollout from late 2026, not just empty promises
- **Regulatory backing**: SEC issued a "no-action letter," providing a three-year experimental window
- **Custody assurance**: DTCC will handle custody directly, ensuring compliance and security

Even more impressive is what comes next. The acting chair of the Commodity Futures Trading Commission (CFTC) directly abolished the old rules from 2020 for digital asset settlement, easing the delivery process for tokenized assets. This move clearly aligns with the crypto regulatory reforms pushed by the White House, leading outside speculation that the CFTC may take on more oversight of digital assets.

In simple terms, **as Wall Street’s infrastructure begins to embrace on-chain logic, the trillions in liquidity will be redistributed**. The debate over whether DeFi or traditional finance will dominate may soon turn into "how to work together."

A few questions:
- Do you think on-chain assets will first trigger a boom in stocks, bonds, or ETFs?
- Will DTCC’s move make it harder for purely on-chain protocols to tell their story?
- Before 2026, which other traditional giants might follow suit?