Description
The Depository Trust & Clearing Corporation (DTCC) stands as a key player in post-trade infrastructure and services for the global financial markets, leveraging its 50 years of expertise. Although not originally a blockchain venture, DTCC has successfully integrated blockchain technology to advance its clearing and settlement processes, demonstrating a commitment to enhancing efficiency, security, and cost-effectiveness within the financial industry. With presence in 20 locations worldwide, DTCC's initiatives in blockchain have concentrated on credit derivatives trade information and settlement, asset digitization, and the development of a distributed ledger technology (DLT) framework designed to refine post-trade operations. By modernizing securities processing, DTCC aims to streamline clearing and settlement, alongside improving data reporting and management, thus ensuring reliable and smooth functioning of financial markets. Through its subsidiaries, DTCC automates and standardizes financial transaction processing for broker/dealers, custodian banks, and asset managers across asset classes, thereby minimizing risk, enhancing transparency, and promoting efficiency. Governed b...
The Depository Trust & Clearing Corporation (DTCC) stands as a key player in post-trade infrastructure and services for the global financial markets, leveraging its 50 years of expertise. Although not originally a blockchain venture, DTCC has successfully integrated blockchain technology to advance its clearing and settlement processes, demonstrating a commitment to enhancing efficiency, security, and cost-effectiveness within the financial industry. With presence in 20 locations worldwide, DTCC's initiatives in blockchain have concentrated on credit derivatives trade information and settlement, asset digitization, and the development of a distributed ledger technology (DLT) framework designed to refine post-trade operations. By modernizing securities processing, DTCC aims to streamline clearing and settlement, alongside improving data reporting and management, thus ensuring reliable and smooth functioning of financial markets. Through its subsidiaries, DTCC automates and standardizes financial transaction processing for broker/dealers, custodian banks, and asset managers across asset classes, thereby minimizing risk, enhancing transparency, and promoting efficiency. Governed b...
