DTCC Synergy with Digital Asset to Speed U.S. Repo Settlement to Real-Time

[kreslik.news]

The clearing and settlement of U.S. treasury, agency, and agency mortgage-backed repurchase agreement transactions, known as ‘repos,’ could be soon transformed as plans were announced today by Depository Trust & Clearing Corporation (DTCC) and Digital Asset Holdings, as the company’s intend to develop a distributed based ledger solution aimed to improve post-trade processes.

In the U.S. over $2 trillion worth of repos are traded on a daily basis, according to data from FINRA, and is thus a sizable market. DTCC is a leading provider for post-trade market infrastructure for the global financial services industry, and Digital Asset is a software company that ... (read more)