The Depository Trust and Clearing Corporation (DTCC) has announced that it will use distributed ledger technology to process post-trade lifecycle events for credit derivatives, including triggering payments and managing credit events. This marks a step forward for integrating blockchain into the heart of the wholesale financial markets. In an announcement today, DTC said its new platform is designed specifically with this in mind.
The Depository Trust and Clearing Corporation (DTCC) has announced that it will use distributed ledger technology to process post-trade lifecycle events for credit derivatives, including triggering payments and managing credit events. This marks a step forward for integrating blockchain into the heart of the wholesale financial markets. DTCC processes around 100m transactions a day whilst acting as the central clearing house for more than 50 exchanges and equity platforms.