The U.S. Securities and Exchange Commission (SEC) has approved a three-year pilot project by a subsidiary of the Depository Trust & Clearing Corporation (DTCC) to integrate blockchain technology into the U.S. stock settlement process. This initiative aims to streamline settlement operations and reduce inefficiencies in token markets. The pilot is expected to enhance the global standing of the U.S. dollar by leveraging blockchain's capabilities to improve compliance and operational transparency. The project reflects ongoing efforts to modernize financial infrastructure and maintain the competitiveness of U.S. financial markets.