DTCC recently reported they are proceeding to the next phase with a POC of distributed ledge technology, this time with Digital Asset Holdings in the repo space. This is in addition to the previously reported collaboration with IBM and Axoni.
The Depository Trust & Clearing Corporation (DTCC) has completed the first leg of a post-trade distributed ledger trial conducted in partnership with startup Digital Asset Holdings. The DTCC, which oversees the clearing and settlement of more than $1qn in US securities each year, said that it would look to expand the trial – which focused on the netting process for US Treasury and agency repurchase agreement transactions – by including more parties in the next planned phase. In statements, DTCC struck a bullish tone about the future prospects of its blockchain work. The firm is projecting a completion date for its second test phase by June, and from there, it will assess whether to push ahead and develop the repo transaction solution further. and offsets," a release said.