DTTC Acquires Blockchain Infra Dev Securrency
Securrency, a provider of digital asset infrastructure, and The Depository Trust & Clearing Corporation (DTTC) have entered into a contract for the purchase of each other.
According to DTCC, the acquisition will enable it to gradually incorporate digital assets into its current goods and services. The agreement’s terms weren’t made public. “Within the next few weeks” is when it is anticipated to close.
DTCC Digital Assets will rename Securrency, with top management and around 100 employees remaining. The company, backed by State Street, U.S. Bank, WisdomTree, and Abu Dhabi Catalyst Partners, will license Securrency technology and offer professional services. It will promote Securrency’s interoperability among distributed ledger solutions, as WisdomTree already uses Securrency software in its WisdomTree Prime platform.
(With inputs from Shikha Singh)
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