DTCC Acquires Securrency for Integration of Digital Assets

For Integration of Digital Assets, DTCC Acquires Securrency

The Depository Trust & Clearing Corporation (DTCC) has signed a deal to acquire digital asset infrastructure developer Securrency, with plans to incorporate digital assets into its existing products and services. The acquisition, set to close in the coming weeks, will lead to Securrency being renamed DTCC Digital Assets and will retain its leadership and staff. DTCC, which processed $2.5 quadrillion in securities settlements in 2022, aims to leverage Securrency's technology to unlock the potential of digital assets. DTCC will licence Securrency's technology, provide professional services, and promote its compatibility among distributed ledger solutions, building on its prior invasion into blockchain technology.