DTCC Acquires Blockchain Firm Securrency for Undisclosed Amount to Steer Forward Its Digital Assets Agenda
The post DTCC Acquires Blockchain Firm Securrency for Undisclosed Amount to Steer Forward Its Digital Assets Agenda appeared on BitcoinEthereumNews.com. Through the acquisition by DTCC, Securrency will henceforth become DTCC Digital Assets with top executives also joining the new force under different roles. DTCC, a New Jersey-based post-trade market infrastructure for the global financial services industry that helped process securities transactions worth over $2.5 quadrillion in 2022, has announced a strategic acquisition of Securrency, an institutional-grade blockchain firm, for an undisclosed amount. According to the announcement, the acquisition of Securrency by DTCC is expected to close within the coming few weeks. Following the acquisition, Nadine Chakar, the Chief Executive Officer (CEO) of Securrency, will be joining DTCC as the Managing Director, and the Global Head of DTCC Digital Assets, whereby he will be reporting to Lynn Bishop, DTCC Managing Director and Chief Information Officer. In addition, Chakar will be joining the DTCC management committee to help bring the needed expertise to steer forward the new entity. Notably, DTCC will be absorbing more than 100 Securrency staff members including Dan Doney, the Chief Technology Officer (CTO) and also a co-founder of Securrency, and John Hensel, the Chief Operating Officer (COO) and also a co-founder. Today, DTCC announced that we have signed a definitive agreement to acquire @Securrency, a leading developer of institutional-grade, digital asset infrastructure. Read more: https://t.co/E451Lrpe2t pic.twitter.com/KMfxiNMtVc — DTCC (@The_DTCC) October 19, 2023 What the Acquisition of Securrency Means to DTCC The Securrency acquisition is meant to help DTCC become a major provider of digital assets services amid the mainstream adoption of blockchain technology by governments, institutional investors, and retail traders. Furthermore, DTCC intends to further specialize in the tokenization industry which is projected to run into trillions of dollars in the near future. For instance, DTCC subsidiaries processed securities transactions valued at about $2.5 quadrillion in 2022, and the figure is expected to further grow in the near…
The post DTCC Acquires Blockchain Firm Securrency for Undisclosed Amount to Steer Forward Its Digital Assets Agenda appeared on BitcoinEthereumNews.com.
Through the acquisition by DTCC, Securrency will henceforth become DTCC Digital Assets with top executives also joining the new force under different roles. DTCC, a New Jersey-based post-trade market infrastructure for the global financial services industry that helped process securities transactions worth over $2.5 quadrillion in 2022, has announced a strategic acquisition of Securrency, an institutional-grade blockchain firm, for an undisclosed amount. According to the announcement, the acquisition of Securrency by DTCC is expected to close within the coming few weeks. Following the acquisition, Nadine Chakar, the Chief Executive Officer (CEO) of Securrency, will be joining DTCC as the Managing Director, and the Global Head of DTCC Digital Assets, whereby he will be reporting to Lynn Bishop, DTCC Managing Director and Chief Information Officer. In addition, Chakar will be joining the DTCC management committee to help bring the needed expertise to steer forward the new entity. Notably, DTCC will be absorbing more than 100 Securrency staff members including Dan Doney, the Chief Technology Officer (CTO) and also a co-founder of Securrency, and John Hensel, the Chief Operating Officer (COO) and also a co-founder. Today, DTCC announced that we have signed a definitive agreement to acquire @Securrency, a leading developer of institutional-grade, digital asset infrastructure. Read more: https://t.co/E451Lrpe2t pic.twitter.com/KMfxiNMtVc — DTCC (@The_DTCC) October 19, 2023 What the Acquisition of Securrency Means to DTCC The Securrency acquisition is meant to help DTCC become a major provider of digital assets services amid the mainstream adoption of blockchain technology by governments, institutional investors, and retail traders. Furthermore, DTCC intends to further specialize in the tokenization industry which is projected to run into trillions of dollars in the near future. For instance, DTCC subsidiaries processed securities transactions valued at about $2.5 quadrillion in 2022, and the figure is expected to further grow in the near…
What's Your Reaction?
