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:BARC) 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...
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