DTCC Joins ERC3643 Association to Promote Ethereum Token Standard

The Depository Trust & Clearing Corporation (DTCC), the primary clearinghouse for securities transactions in the United States, has announced its commitment to promoting Ethereum’s ERC-3643 token standard for permissioned securities tokens.

DTCC Supports ERC-3643 Adoption

In a March 20 announcement, DTCC revealed it has joined the ERC3643 Association, a nonprofit organization dedicated to advancing the adoption of the ERC-3643 token standard. This move aligns with recent U.S. regulatory openness toward blockchain tokenization, following President Donald Trump’s pledge to position America as the “world’s crypto capital.”

Dennis O’Connell, president of the ERC3643 Association, stated:

“DTCC will help lead the future of tokenization and support institutional adoption at scale.”

What is ERC-3643?

ERC-3643, also known as the T-REX Protocol, is an open-source suite of Ethereum smart contracts designed specifically for permissioned tokens. It enables the issuance, management, and transfer of tokens on both permissioned and permissionless blockchains, using decentralized identity protocols to ensure compliance with regulatory requirements.

DTCC’s Blockchain Initiatives

DTCC has been proactive in exploring blockchain technology and tokenization:

• Piloted settlement of tokenized U.S. Treasury Bills on the Canton Network.
• Conducted private asset tokenization trials on an Avalanche (AVAX) subnet.
• Launched ComposerX, a platform facilitating token creation and settlement for regulated financial institutions.

Regulatory Momentum in the U.S.

The DTCC’s endorsement of ERC-3643 highlights growing regulatory acceptance of blockchain-based tokenization in the U.S. financial sector. In November, the Commodity Futures Trading Commission (CFTC) also indicated plans to explore blockchain-based settlement technologies for derivatives markets.

Quick Summary

• DTCC joins ERC3643 Association to promote Ethereum’s ERC-3643 token standard.
• ERC-3643 enables permissioned token issuance and management on Ethereum.
• DTCC continues to lead blockchain adoption in U.S. financial markets.
• U.S. regulators increasingly supportive of blockchain tokenization.