Forecast of the coming world monetary system

[ThePythonicCow]

DTCC (Depository Trust & Clearing Corporation) owns much of the financial assets traded on the US financial markets. They handle quadrillions of US Dollars worth of trades each year. The DTCC was one of the main parties covered by David Rogers Webb's book "The Great Taking." Webb was telling us that the "taking" has already happened, in substantial part by the DTCC ... "they" just haven't told use yet.

Yesterday the U.S. Securities and Exchange Commission (SEC) authorized the DTCC to put their assets on block chains, in the coming year (2026).

This was reported by various sources, including:

DTCC Authorized to Offer New Tokenization Service, Paving the Way to Tokenized DTC-Custodied Assets (Business Wire):

DTC Receives No-Action Letter from SEC to Offer New Service to Accelerate Adoption of Digital Assets

Industry Partnership & Collaboration Will Continue to Underpin DTCC’s Efforts to Help Lead Transition to Digital Markets

NEW YORK & LONDON & HONG KONG & SINGAPORE & SYDNEY--(BUSINESS WIRE)--In a major milestone to drive digital asset adoption, The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that its subsidiary, The Depository Trust Company (DTC), has received a No-Action Letter (NAL) from the U.S. Securities and Exchange Commission (SEC) to offer, under federal securities laws and regulations, a new service to tokenize real-world, DTC-custodied assets in a controlled production environment. DTC anticipates beginning to roll out the service in the second half of 2026.

The No-Action Letter authorizes DTC to offer a tokenization service for DTC Participants and their clients on pre-approved blockchains for three years. Under the NAL, DTC will have the ability to tokenize real-world assets, with the digital version having all the same entitlements, investor protections and ownership rights as the asset in its traditional form. In addition, DTC will provide the same high level of resiliency, safety and soundness as that of traditional markets.

The authorization applies to a defined set of highly liquid assets, including the Russell 1000, which represents the 1,000 largest publicly traded U.S. companies by market cap, as well as ETFs tracking major indices and U.S. Treasury bills, bonds and notes.

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The world's financial systems are going onto block chains.

These block chains are essentially shared double entry accounting books, which enable all authorized users to transfer assets between themselves.

If parties Alice, Bob and Charlie (or corporations Nvidia, Amazon, and Microsoft) want to engage in a three way transfer of financial assets on a block chain that they are all authorized to use and all have accounts on, they send a digital order, securely signed by each of them, to the global network service managing that block chain, with instructions to move certain of their assets between their various accounts on that block chain.

That transaction would then be entered, almost instantly and for almost zero cost, reliably making all the requested actions happen simultaneously. Only transactions that "balance" (nothing created, nothing lost, just assets moved about) would be allowed.

[rgray222]

Posted by ThePythonicCow (here)
DTCC (Depository Trust & Clearing Corporation) owns much of the financial assets traded on the US financial markets. They handle quadrillions of US Dollars worth of trades each year. The DTCC was one of the main parties covered by David Rogers Webb's book "The Great Taking." Webb was telling us that the "taking" has already happened, in substantial part by the DTCC ... "they" just haven't told use yet.

Yesterday the U.S. Securities and Exchange Commission (SEC) authorized the DTCC to put their assets on block chains, in the coming year (2026).

This was reported by various sources, including:

DTCC Authorized to Offer New Tokenization Service, Paving the Way to Tokenized DTC-Custodied Assets (Business Wire):

DTC Receives No-Action Letter from SEC to Offer New Service to Accelerate Adoption of Digital Assets

Industry Partnership & Collaboration Will Continue to Underpin DTCC’s Efforts to Help Lead Transition to Digital Markets

NEW YORK & LONDON & HONG KONG & SINGAPORE & SYDNEY--(BUSINESS WIRE)--In a major milestone to drive digital asset adoption, The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that its subsidiary, The Depository Trust Company (DTC), has received a No-Action Letter (NAL) from the U.S. Securities and Exchange Commission (SEC) to offer, under federal securities laws and regulations, a new service to tokenize real-world, DTC-custodied assets in a controlled production environment. DTC anticipates beginning to roll out the service in the second half of 2026.

The No-Action Letter authorizes DTC to offer a tokenization service for DTC Participants and their clients on pre-approved blockchains for three years. Under the NAL, DTC will have the ability to tokenize real-world assets, with the digital version having all the same entitlements, investor protections and ownership rights as the asset in its traditional form. In addition, DTC will provide the same high level of resiliency, safety and soundness as that of traditional markets.

The authorization applies to a defined set of highly liquid assets, including the Russell 1000, which represents the 1,000 largest publicly traded U.S. companies by market cap, as well as ETFs tracking major indices and U.S. Treasury bills, bonds and notes.

=== ===

The world's financial systems are going onto block chains.

These block chains are essentially shared double entry accounting books, which enable all authorized users to transfer assets between themselves.

If parties Alice, Bob and Charlie (or corporations Nvidia, Amazon, and Microsoft) want to engage in a three way transfer of financial assets on a block chain that they are all authorized to use and all have accounts on, they send a digital order, securely signed by each of them, to the global network service managing that block chain, with instructions to move certain of their assets between their various accounts on that block chain.

That transaction would then be entered, almost instantly and for almost zero cost, reliably making all the requested actions happen simultaneously. Only transactions that "balance" (nothing created, nothing lost, just assets moved about) would be allowed.

This could represent a real buying opportunity if you stayed on top to the crypto market. I wonder if they will create new digital tokens to represent real-world assets like stocks, bonds, or government securities or use existing tokens? I suppose it will likely include a mix of both new tokens created for specific assets and existing tokens. The cat knocked my crystal ball off the desk last week, may he rest in peace.

[ThePythonicCow]

Posted by rgray222 (here)
The cat knocked my crystal ball off the desk last week, may he rest in peace.

May (1) the cat or (2) the crystal ball rest in peace ? Or both ?

I am observing a variety of digital tokens created, "backed by" various real world assets (stocks, bonds, precious metals, real estate, ... but especially US Treasury debt), and I am seeing Ripple (XRP) become the "lingua Franca" of such digital assets.

Cross token transactions (e.g. from some amount of tokens backed by Japanese national debt, to some amount of tokens backed by US national debt) will likely be made by submitting ISO 20022 standard format messages to the global Ripple server network, and would be converted in relative value between Japanese debt and US debt at that instant by converting into, then back out of, XRP.

Since nothing would ever remain in XRP past the instant of that one atomic transaction, XRP need not have backing itself ... it would just be the "lingua Franca" of assets, relative to which markets for all other digital assets would be traded.

Ripple (XRP) is shaping up to be the "lingua Franca" of asset transfers between banks, businesses, governments and other corporations. Stellar Lumens (XLM) is shaping up to be at least one of, if not the primary, "lingua Franca" asset for transfers between individual people.