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

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

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