The DTCC has published a whitepaper on security for distributed ledger technology (DLT) networks. The organization is responsible for clearing and settling the majority of U.S. securities transactions, $1.854 quadrillion in 2018. It also functions as a central securities depository.
Traditional IT security frameworks have “possible” shortcomings when it comes to DLT, says the DTCC. And it explores special and additional factors that need to be taken into account for DLT.
“With adoption of DLT across the financial services ecosystem likely to continue to increase in the coming years, we need to be certain that all DLT-related security risks are identified and addressed to maintain the safety and stability of the markets,” said Stephen Scharf, Chief Security Officer at DTCC.
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