The U.S. Securities Clearing Corporation DTCC has pledged to promote Ethereum's ERC-3643 licensed securities token standard

According to an announcement on March 20, the main clearinghouse for U.S. securities trading - The Depository Trust & Clearing Corporation (DTCC) has committed to promoting Ethereum's ERC-3643 licensed security token standard.

DTCC will join the ERC3643 Association, a non-profit organization dedicated to promoting this standard. Its goal is "to promote and advance the ERC3643 token standard," the company said.

This recognition highlights how U.S. regulators have embraced tokenization after former President Donald Trump vowed to make America the "capital of world cryptocurrency." It also indicates that the Ethereum blockchain network may play a significant role in America's licensed security token ecosystem.

"DTCC will help lead the future of tokenization and support institutional-scale adoption," Dennis O'Connell, chairman of the ERC3643 Association, said in a statement.