The DTCC plans to expand its work in the digital assets field during 2025. In late 2023 the DTCC acquired Securrency, a firm that developed institutional DLT-based infrastructure, which became DTCC Digital Assets. At the end of last year it unveiled the DTCC Digital Launchpad, a sandbox in which industry can experiment.
“DTCC will continue to serve as a strategic partner to the industry by advancing acceptance and adoption of digital assets, focusing on opportunities to tokenize collateral and funds, and leveraging our existing clearing and settlement capabilities to facilitate the listing of digital funds on exchanges as well as secondary trading,” said Frank La Salla, President and CEO of DTCC.
The mention of collateral and funds references some of the progress so far. Before its acquisition, Securrency’s trophy client was WisdomTree, the asset manager that now lets you pay for a coffee using a tokenized money market fund. WisdomTree continues to use DTCC Digital Assets technology post acquisition.
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