Today the DTCC, the world’s largest securities settlement organization, announced the successful completion of a proof of concept (PoC) of its Project Ion blockchain solution to shorten stock settlement times. Subject to regulatory approval, it plans to go live in the first quarter of 2022.
“Cryptocurrency, digitized assets, DLT and other innovations increasingly are integral parts of the evolving financial services industry, and we are excited about the future opportunity in each of these areas,” stated Murray Pozmanter, Head of Clearing Agency Services and Global Business Operations at DTCC.
“Project Ion has demonstrated that settlement in a T+1 or T+0 environment are effective use cases for DLT, and we look forward to working with our clients and the industry to launch the new platform.”
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