According to @VanessaGrellet_, the Depository Trust Company (DTC) received an SEC No-Action Letter enabling tokenization of certain DTC-custodied assets, as announced by The DTCC on X. source: @VanessaGrellet_; source: The DTCC on X. DTCC characterized the development as a historic milestone for bringing tokenization into regulated market infrastructure, highlighting its significance for tokenized securities markets. source: The DTCC on X. For traders, SEC no-action relief indicates staff will not recommend enforcement action for the described activity, narrowing regulatory uncertainty around tokenized securities workflows. source: U.S. SEC staff guidance on no-action letters.