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DTCC to Acquire Securrency to Accelerate Development of Digital Post-Trade Infrastructure in Global Financial Markets.

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MANews-(C)2009-2023

New York-based infrastructure provider for financial services DTCC has agreed to acquire US-based blockchain-based financial technology firm Securrency Inc., the company said.

Terms of the transaction were not disclosed.

The acquisition, which is expected to close within the next several weeks, will position DTCC to provide leadership in bridging best-in-class industry practices with advanced digital technology to encourage acceptance and adoption of digital assets.

Securrency will become a fully-owned subsidiary of DTCC and will operate under the name DTCC Digital Assets.

By combining DTCC's digital capabilities and Securrency's technology, DTCC will fast-track development of its enterprise digital asset platform to unlock the power of institutional DeFi.

DTCC will lead the industry's development of a robust, global digital infrastructure by licensing the Securrency technology and...

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