Depository Trust and Clearing Corporation (DTCC) acquired Securrency, a digital asset infrastructure provider, for an undisclosed sum, according to a Dec. 11 statement.
The acquisition enables DTCC to build a digital asset platform catering to institutional DeFi services.
Additionally, it empowers the traditional financial services infrastructure provider to integrate digital assets into its existing services. Also, it would facilitate the development of new blockchain-based solutions that adhere to regulatory frameworks.
Furthermore, DTCC aims to collaborate with various industry stakeholders, including buy-side asset managers, broker-dealers, and custodians, to explore innovative applications of blockchain technology.
DTCC is a US-based financial services company that provides centralized clearing, settlement, and information services for a wide range of securities products, thereby facilitating the transfer of funds and securities in the global financial markets
Frank La Salla, Pres
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