DTCC is acquiring blockchain firm Securrency. The startup is best known for its Compliance Aware Token framework, where security tokens are aware of local regulations. Last year former senior State Street executive Nadine Chakar became CEO of Securrency. She will now lead DTCC Digital Assets and join the DTCC Management Committee. DTCC processes more than $2 quadrillion in capital markets transactions annually.
Securrency raised almost $50 million in funding. Backers included State Street, U.S. Bank and WisdomTree.
“Securrency is an important strategic acquisition that will give us the technology to drive market-wide transformation by enabling end-to-end digital lifecycle processing for tokenized assets, digital currencies and other financial instruments,” said Frank La Salla, President, CEO and Director, DTCC.
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