DTCC Enhances Digital Asset Infrastructure Through Securrency Acquisition

The US Depository Trust and Clearing Corporation (DTCC) has successfully acquired Securrency, a firm specializing in blockchain-based financial and regulatory technology, a move that is expected to greatly strengthen DTCC's standing in the digital asset landscape. DTCC With this acquisition, Securrency will reemerge under the name DTCC Digital Assets, functioning as a distinct division within the larger DTCC framework. Securrency DTCC's President, CEO, and Director articulated that securing Securrency is a pivotal step that equips the company with essential technology to foster a transformative shift across the market. This can be achieved by facilitating extensive digital lifecycle management for tokenized assets, digital currencies, and various other financial instruments.

The corporation is determined to accelerate the advancement of its enterprise digital asset platform by integrating technologies from Securrency.

Frank La Salla This integration allows DTCC to envelop digital assets into its existing suite of products and services while simultaneously delving into blockchain-driven solutions by partnering with a myriad of stakeholders within the financial sector.

DTCC is set to Broaden its Digital Asset Platform

The corporation plans to license Securrency’s technologies to other companies, granting them the tools necessary to reshape their operational frameworks and develop pioneering digital asset services. This approach is in line with DTCC's vision of rethinking regulatory compliance, liquidity, and overall efficiency in trading real-world assets on the blockchain.

Moreover, DTCC is proactively spearheading initiatives to standardize digital technologies, working to mitigate market fragmentation. La Salla emphasized the critical nature of building a consensus around standards, controls, and frameworks to enable regulatory-compliant solutions for digital assets.

Their strategy is wide-ranging, striving to extend its fundamental services into the expansive digital asset ecosystem. The corporation is especially focused on exploring new digital products and services while building a robust framework for the governance of digital asset securities. They are also emphasizing client-centric pilots and promoting industry discussions to enhance interoperability.

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DTCC’s digital asset Nik is a skilled analyst and writer for Metaverse Post, focusing on providing state-of-the-art insights into the fast-evolving tech landscape, particularly in AI/ML, XR, VR, blockchain analysis, and development. His writing captivates and informs a broad audience, equipping them to keep pace with technological advancements. With a Master's degree in Economics and Management, Nik possesses an in-depth understanding of the interplay between business dynamics and emerging technological innovations.