The new tape will be the unified successor to the three existing consolidated equity market data feeds.
These are real, regulated public shares: issued onchain and recorded directly on the issuer’s cap table.
The regulator founf stronger practices compared to its 2014 thematic review.
Public companies can raise capital by offering tokenized shares with settlement in stablecoins.
The offer consists entirely of secondary shares to be sold by certain selling stockholders.
The architecture coordinates liquidity across all partner chains and complements existing market structures.
This addresses client demand for innovative ways to interact with liquidity during auctions.
DTCC plans to extend clearing hours to support 24x5 trading in Q2 2026.
Market maker said the SEC should not grant broad exemptive relief for trading tokenized U.S. stocks.