Wu Shuo learned that DTCC announced its subsidiary DTC has received a "No-Action Letter" from the U.S. SEC, allowing it to provide on-chain tokenization services for real assets held in custody by DTC in a controlled production environment for a period of three years, with plans to gradually launch starting in the second half of 2026. This authorization permits traditional assets to be issued in digital form with equivalent rights and protections on approved L1/L2 networks, with security, resilience, and compliance provided by DTCC according to existing market infrastructure standards.