you are currently viewing:Dawning of a New Era in Securities Trading: SEC Greenlights DTC's Securities Tokenization Pilot ProgramJanuary 6, 2026-On December 11, 2025, the U.S. Securities and Exchange Commission (the "SEC”) issued no-action relief1(the "DTC Letter") to The Depository Trust Company ("DTC") permitting for three years the operation of a pilot version (the "Pilot Program") of DTC's securities tokenization program (the "DTCC2 Tokenization Services"). This development marks an early step toward fulfilling SEC Chair Paul Atkins's vision of a new era in which tokenization becomes the foundation of financial infrastructure whereby any security that can be tokenized ultimately will be tokenized.3 DTC Pilot Program General The DTC Letter states that DTC can provide DTC participants and their customers the ability to elect to have their security entitlements recorded using distributed ledger technology ("Tokenized Entitlements") as opposed to solely through a centralized book-entry ledger (the "Book-Entry Ledger"). In order to hold securities entitlements in tokenized form, a DTC participant4 ("Participant") must register one or more digital wallets (each, a "Registered Wallet") with DTC. DTC will then perform screening to ensure compliance with applicable laws, including anti-money laundering laws. Source: Seward & Kissel |
November 13, 2025-21shares launches the 21Shares FTSE Crypto 10 Index ETF (TTOP) and the 21Shares FTSE Crypto 10 ex-BTC Index ETF (TXBC), offering investors adaptive exposure to the top 10 crypto assets-available for the first time in a regulated '40 Act ETF structure.
November 13, 2025-Defiance ETFs is proud to announce the launch of the Defiance Daily Target 2X Short HOOD ETF (Ticker: HOOZ), expanding its family of innovative single-stock leveraged ETFs designed for sophisticated traders.
November 13, 2025-Defiance ETFs is proud to announce the launch of the Defiance Daily Target 2X Short BMNR ETF (Ticker: BMNZ), expanding its family of innovative single-stock leveraged ETFs designed for sophisticated traders.
November 13, 2025-Rocklinc Investment Partners Inc. ("Rocklinc") is pleased to announce the listing of units of Rocklinc Principled Equity ETF (the "ETF") on the Toronto Stock Exchange ("TSX"). Units of the ETF are trading on the TSX under the ticker symbol "RKLC".
November 12, 2025-Eventide Asset Management announces filing approval for the latest of their systematic ETF line with the Eventide International ETF (NYSE Arca: ESIM). This diversifies Eventide's product offering as its first international ETF available to investors, which is expected to be available for trading in December 2025.
November 11, 2025-Fundstrat Capital today announced that the Fundstrat Granny Shots US Small- & Mid-Cap ETF ("SMID Granny") (NYSE: GRNJ) and the Fundstrat Granny Shots US Large Cap & Income ETF ("Granny Income") (NYSE: GRNI) are expected to commence trading soon on NYSE Arca.
November 11, 2025-The Burney Company marks a significant milestone as its flagship Burney U.S. Factor Rotation ETF (BRNY) completes three years of trading.
Since its inception on October 13, 2022, the fund's net asset value has appreciated by 24.8%, compared with the S&P 500's 22.8% return.
November 11, 2025-Tradr ETFs, a provider of ETFs designed for sophisticated investors and professional traders, announced that it expects to launch four new single stock leveraged ETFs on Thursday, November 13. The funds will be listed on Cboe and all four represent first-to-market strategies. Each ETF aims to deliver twice (200%) the daily performance of its specific underlying stock.
November 10, 2025-Overview
Asset valuations
Asset valuations were elevated. Since the market volatility of early April
subsided, the ratio of equity prices to earnings has returned to near the high end of its historical range.
An estimate of the equity premium-the compensation for risk in equity markets-remained well below average.
November 10, 2025-AllianceBernstein Holding L.P. (NYSE: AB) and AllianceBernstein L.P. ("AB"), a leading global investment management firm, announced today the launch of two actively managed exchange-traded funds (ETFs) on the New York Stock Exchange: AB New York Intermediate Municipal ETF ("NYM") and AB Core Bond ETF ("CORB"). Global trading firm Jane Street is the Lead Market Maker for the Funds.