The financial industry is undergoing rapid transformation, spurred by the shift towards digitalization, with market participants increasingly looking for ways to raise liquidity, reduce cost and risk, and automate inefficient processes. At DTCC, we believe digital asset technology offers exciting potential to capture these benefits and could ultimately help push us toward a more streamlined and resilient financial ecosystem – where blockchain networks and traditional rails seamlessly integrate. We are committed to supporting the industry shift from blockchain experiments to production-ready capabilities.
Successful adoption of distributed ledger technologies (DLT) hinges on two key hurdles: the portability of assets and the need for consistency of processes across both public and private ledgers. Solving for these challenges will not only boost liquidity for digital assets, but it could also further unlock the automation of end-to-end processes including distribution, lending, pricing, and collateral management.
With these challenges in mind, DTCC Digital Assets (formerly Securrency) was pleased to partner with Citi, Wellington Management and WisdomTree in an innovative Proof of Concept (POC) to replicate and improve the on-chain and off-chain processes of an asset lifecycle with the use of Web 3 technologies.
We encourage you to read more about our collective thesis, the standout features of DTCC’s involvement and Citi’s report.