DTCC Acquires Blockchain Firm Securrency to Fast-Track Development of Digital Asset Platform
DTCC, the financial services company that underpins Wall Street's trades, has acquired blockchain">blockchain technology firm Securrency for $50 million. The acquisition will result in Securrency becoming a wholly-owned subsidiary of DTCC and operating under the name DTCC Digital Assets. Securrency provides a platform for tokenizing real-world assets through its patented compliance technology. DTCC's involvement in blockchain dates back to 2022 when it initiated tests on a private blockchain designed to facilitate the clearing and settlement of stock trades.
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