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DTCC & Digital Asset Move to Next Phase After Succesful Proof-Of-Concept for Repo Transactions Using Distributed Ledger technology

New York/London/Hong Kong/Singapore, 27 February 2017 – The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced the successful completion of a proof-of-concept to better manage the netting process for U.S. Treasury and Agency repurchase agreement (repo) transactions leveraging distributed ledger technology (DLT).
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