Wall Street Giants Move to the Chain: US Treasury Bond Tokenization Plan Receives Three-Year SEC Exemption

【BlockBeats】The largest financial infrastructure operator on Wall Street has recently made a major move. In mid-December, they announced plans to bring U.S. Treasuries onto the blockchain. It sounds a bit sci-fi, but this is actually progressing—they intend to tokenize U.S. debt on a permissioned blockchain and then trade it on-chain.

What does this mean? It signifies that the traditional financial transaction system, worth hundreds of trillions of dollars globally, is beginning to embrace blockchain technology. This isn’t a small project; it’s being led by a core infrastructure operator on Wall Street.

The plan is specifically as follows: first, tokenize U.S. Treasuries, and then gradually expand to other qualified securities. Initial test assets include U.S. Treasuries, some exchange-traded funds, and securities tracking a well-known index. The three-party collaboration plans to launch a minimum viable product in the first half of 2026, then scale up based on the actual needs of institutional clients.

Most importantly— the U.S. Securities and Exchange Commission (SEC) has granted this project a three-year exemption confirmation. This is quite rare in regulatory history. Simply put, as long as the project operates according to the established plan, the SEC has committed not to take enforcement action. This is clearly a substantial support for this innovation.

What does this reflect? Traditional finance is re-evaluating blockchain. It’s not hype or just a concept, but a genuine exploration of infrastructure-level applications. If the tokenization of U.S. Treasuries succeeds, it will undoubtedly drive a wave of on-chain migration across the entire financial market.