Wall Street tokenization and Lighter's CFTC plans
DTCC launched tokenization infrastructure, while Lighter ($LIT) is preparing CFTC license applications that could open its perps to US traders.
What we know
An account on X says DTCC's infrastructure, backed by $114T in custody, lets banks use a private chain without buying crypto tokens. Another account on X RTs that $LIT rose 6.3% on Lighter's planned CFTC applications.
How the story developed
DTCC launched tokenization infrastructure, while Lighter ($LIT) is preparing CFTC license applications that could open its perps to US traders.
$LIT fell ~60% ahead of Lighter's CFTC license submission, and Essential CT voices are bullish on a rebound, arguing its ZK-rollup design suits regulators and TradFi.
Launchpads show high token churn with few graduates, and CT is debating platform quality, from pumpfun criticism to Variational and Lighter regulatory bets.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.