Trade Settlement Giant DTCC to Host Blockchain Event
Post-trade financial services giant DTCC has announced it is to host a blockchain event next month in New York City. Called the Blockchain Symposium, the day-long event will explore the business applications of blockchain technology for financial market infrastructures and the industry. The firm told CoinDesk in an email: “The aim of the program is to cut through the hype, discuss collaboration and use cases, and imagine what innovations the future may bring.” The 29th March event will feature Blythe Masters, CEO of blockchain startup Digital Asset Holdings, and J Christopher Giancarlo,....
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DTCC president and CEO Mike Bodson indicated today that the US clearing and settlement giant plans to embark on additional distributed ledger technology tests. The comments came as part of Bodson’s opening remarks at the 2016 Blockchain Symposium, a one-day event held by the DTCC in New York City today. The event features participants from financial institutions such as Barclays, BlackRock, Goldman Sachs and the SWIFT Institute. Word that DTCC is planning additional work with blockchain tech followed the company's announcement of a partnership with industry startup Digital Asset Holdings....
Trade settlement giant DTCC has released a new report that recommends industry stakeholders experiment with blockchain implementations while cautioning against the growing hype surrounding the technology. DTCC released its report more than a month after the firm announced its participation in an effort led by the Linux Foundation to develop an open-source blockchain initiative called the Open Ledger Project. The report, entitled "Embracing Disruption: Tapping the Potential of Distributed Ledgers to Improve the Post-Trade Landscape", offers a tempered endorsement of the technology....
The Depository Trust & Clearing Corporation (DTCC), a company that oversees the clearing and settlement of $1.6 quadrillion in US securities annually, has announced it will test a distributed ledger solution for managing repurchase (repo) agreements. The test, a partnership with industry startup Digital Asset Holdings, finds the DTCC embarking on its first trial of blockchain technology, a move that follows its January participation in the firm’s $60m funding round and coincides with a New York-based event focused on distributed ledgers and their applications. In interview, DTCC....
Post-trade market infrastructure provider DTCC, the Depository Trust & Clearing Corporation and blockchain startup Digital Asset Holdings have announced plans to develop distributed ledger solutions to improve the current process he clearing and settlement of repurchase agreement (repo) transactions. In a new announcement by DTCC and Digital Asset, the firms will develop and test a distributed ledger or blockchain-based solution to manage the clearing and settlement of U.S. Treasury, Agency and Agency Mortgage-Backed repurchase agreement or repo transactions. With the endeavor, the....
The Depository Trust & Clearing Corporation (DTCC) hosted a group of regulators and members of the financial industry in Washington, DC, for a discussion on blockchain tech last month. The event, held on Capitol Hill, was designed by the DTCC to give regulators and other financial industry stakeholders a chance to ask questions directly to blockchain experts. In a blog posted yesterday, DTCC managing director Mark Wetjen said of the event: "It is important that we engage policy makers and regulators from the beginning of this process. New technologies are creating tremendous....