Today the Depository Trust & Clearing Corporation (DTCC) unveiled its digital asset sandbox, the DTCC Digital Launchpad. Apart from the sandbox, the DTCC also shared the results of a proof of concept with the Japan Securities Clearing Corporation (JSCC).
During 2023 the DTCC processed $3 quadrillion in post trade transactions.
The sandbox aims to pull together different types of industry participants in order to address the fragmentation already appearing within the digital securities sector, with too many organizations launching self standing blockchains.
“DTCC Digital Launchpad will unify stakeholders from nearly every corner of the financial markets to solve the challenges facing adoption of digital asset technology,” said Frank La Salla, DTCC President, CEO and Director.
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