DTCC News

Trading platforms and regulators are increasingly embracing cryptocurrency as collateral for trades. 

The DTCC aims to invite market participants to address pain points and let clients try DTCC products on their own use cases.

The project aimed for speed, privacy and legal compliance while using highly accessible and desirable US Treasury bonds as a collateral asset.

The pilot program tested a method of bringing traditional finance fund data onto blockchains, with big banks JPMorgan and BNY Mellon also involved.

Joining the Paxos Settlement Service could allow many Bank of America customers to settle stock trades in minutes rather than days.

Fintech is believed to be a risk for financial stability, the Depository Trust and Clearing Corporation Systemic Risk Barometer Survey states.