Today the DTCC confirmed it has closed the acquisition of Securrency, the tokenization technology firm. The Securrency brand is being dropped and the solution is now part of DTCC Digital Assets. Given the deal was announced in mid-October, that’s quick for a large acquirer.
The new division reports to Lynn Bishop, Managing Director and Chief Information Officer. Nadine Chakar, former CEO of Securrency, is the global head of DTCC Digital Assets. She sits on the 12-strong DTCC management committee alongside Ms. Bishop.
“We look forward to providing global leadership to establish a robust digital infrastructure that protects the safety and soundness of financial markets and delivers on the enormous promise and potential of institutional DeFi in the coming years,” said Frank La Salla, DTCC President, CEO and Director.
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