Financial Services Giant DTCC Brings Blockchain Post-Trade Platform in Test Phase

American company Depository Trust and Clearing Corporation (DTCC), one of the leading global financial services providers, has teamed up with fifteen multinational banks to move its blockchain-based post-trade platform from a research to a closed testing phase. In a press release on Tuesday, DTCC announced only British Barclays (LON:) bank by name while other fourteen institutions remained undisclosed. MarkitSERV, a provider of over-the-counter (OTC) infrastructure, also joined the trial.

DTCC began the blockchain project more than a year ago with the aim to analyze how distributed ledger technology (DLT) and cloud services can improve its credit derivatives Trade Information Warehouse (TIW) syste…

This article appeared first on Cryptovest

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.