Today the DTCC, the world’s largest securities settlement organization, made two significant proposals to tokenize and digitize securities using distributed ledger technology (DLT). The first project aims to offer accelerated settlement and the second to enable the tokenization of private market securities and support secondary trading, including using the public Ethereum blockchain. In 2019 the DTCC’s subsidiaries processed securities transactions valued at $2.15 quadrillion.
The DTCC already has significant experience with DLT. Its Trade Information Warehouse targets the settlement of credit derivatives to the tune of more than $10 trillion. It’s getting ready to launch an upgraded version based on Axoni DLT technology.
The two projects proposed today were published to consult the market. Proofs of Concept (PoCs) have already been conducted.
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