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Experience
|September 8, 2025
Experience
|August 22, 2025
2025 EnCore Convertible Notes Offering
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|July 30, 2025
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Capital Markets & Securities Law Watch
|December 23, 2025
|3 Min Read
DTCC Partners with Digital Asset to Tokenize DTC-Custodied U.S. Treasury Securities
On December 17, 2025, the Depository Trust & Clearing Corporation (DTCC) announced a partnership with Digital Asset Holdings (Digital Asset), a developer of distributed ledger technology, to tokenize a subset of U.S. Treasury securities custodied at its subsidiary, the Depository Trust Company (DTC), using Digital Asset’s Canton Network. This announcement follows DTC’s receipt of a No-Action Letter from the U.S. Securities and Exchange Commission (SEC) on December 11, 2025, providing no-action relief allowing DTC to offer a pilot tokenization service for certain highly liquid assets.
Capital Markets & Securities Law Watch
|December 18, 2025
|5 Min Read
Two recent developments signal where the Securities and Exchange Commission (the SEC) is headed in 2026. First, SEC Chairman Paul Atkins’ address at the New York Stock Exchange (NYSE) on December 2, 2025 set forth guiding principles for reform with the goal to, in Chairman Atkins’ words, “make IPOs great again.”
Competition Corner
|December 17, 2025
|3 Min Read
Antitrust Remedies in United States v. Google: AI and the Evolving Search Market
Following the August 5, 2024, decision in United States v. Google where the D.C. District Court found Google to be a monopolist, Judge Amit Mehta issued what would end up being the first remedies opinion on September 2, 2025. The decision establishes a six-year framework designed to promote competition in the general search engine market.
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