Aug 01, 2016
• DTCC Connection
DTCC Expands DLT Engagement with New Memberships and Advisory Roles
By Katharine Paisley
After hosting a recent educational forum on Capitol Hill, “The Blockchain Disruption: Harnessing the Potential of Financial Technology,” The Depository Trust & Clearing Corporation (DTCC) continues its engagement in the discussion of emerging technologies and announced its membership in the Digital Chamber of Commerce’s (Chamber) Executive Committee and support for Coin Center, a non-profit research and advocacy center.
The two announcements are part of DTCC’s continued focus to explore opportunities how distributed ledger technology (DLT) could reduce risk, costs and increase efficiencies in the post-trade process. As an organization that develops and uses technology to enable markets to operate safely and efficiently, these steps are consistent with DTCC’s mission to drive innovation in post-trade processing.
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The Chamber is a D.C.-based association representing innovators, operators and investors in the digital asset and blockchain technology ecosystem. In addition to DTCC’s membership in the Executive Committee, Mark Wetjen, DTCC Managing Director and Head of Global Public Policy, was appointed to the Chamber’s Advisory Board. “I am pleased to join the Chamber and look forward to collaborating with the industry around fintech and blockchain strategies, which will be important to the continued evolution of the post-trade environment,” Wetjen said. Additional Advisory Board appointees include Blythe Masters, Digital Asset Holdings, and Jim Newsome, former Chairman of the Commodity Futures Trading Commission.
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Coin Center is a non-profit group focused on public policy related issues, including blockchain technology. Wetjen will also join the Coin Center Advisory Board, which is comprised of noted academics, technologists and investors, including Marc Andreessen, General Partner of Silicon Valley venture capital firm Andreessen Horowitz, and Fred Wilson, Managing Partner at Union Square Ventures. “With its support of Coin Center, DTCC demonstrates its commitment to fostering innovation that pushes technology forward,” said Jerry Brito, Coin Center’s Executive Director.