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The S&P 500 and Nasdaq stock indexes closed at new record highs, driven by strong performance in the technology sector and investor enthusiasm for artificial intelligence. This surge reflects a broader positive sentiment in global markets, with Asian stocks also climbing.
Wall Street's efforts towards tokenization are gaining momentum as the Depository Trust & Clearing Corporation (DTCC) establishes a framework for on-chain securities.
Ripple is reportedly working to re-engineer Wall Street's post-trade infrastructure, impacting major financial institutions from Amex to DTCC.
Wall Street's clearinghouse, DTCC, has enlisted Chainlink to enhance its collateral management operations.
AI startup Anthropic has partnered with several Wall Street giants to establish a new artificial intelligence firm. This collaboration aims to leverage significant financial backing for advanced AI development.
The US subsidiary of Mirae Asset Securities announced its participation in the Tokenization Working Group, hosted by the Depository Trust & Clearing Corp., a major financial market infrastructure company in the US.
The Depository Trust & Clearing Corporation (DTCC) has introduced a plan for trading tokenized stocks, involving over 50 firms and a detailed timeline for implementation.