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DTCC’s Project Ion platform is an alternative settlement platform leveraging distributed ledger technology (DLT).

  • About

    Project Ion introduces new clearance and settlement functionality, leveraging distributed ledger technology (DLT) as a pivotal piece of technology to help bring about new efficiencies in clearance and settlement.

    Project Ion is aligned with DTCC’s innovation agenda to address key challenges and opportunities in market infrastructure services. With DTCC’s years of experience, Project Ion holds the promise of new settlement functionality supported by robust technical capabilities.

    DTCC’s launch of this private, permissioned DLT platform follows a successful prototype pilot with many of the world’s leading market participant and technology provider firms and represents one of the largest DLT initiatives in equities settlement across the financial services industry.

  • Who Can Use the Service

    With firms across the industry at different levels of maturity around DLT adoption, DTCC is building this platform to provide optionality and flexibility to clients. Those who are ready to leverage the Project Ion platform can begin development efforts immediately, while others can continue to use DTCC’s classic solutions.

  • Benefits

    Project Ion is designed to adhere to rigorous regulatory standards and deliver the resiliency, volume capacity, security, scalability and risk controls that DTCC is known for.

    Project Ion is built to support a netted T+0 settlement cycle, as well as T+2, T+1 and extended settlement cycles.

  • How the Service Works

    Project Ion provides a parallel book and infrastructure for limited bilateral transactions, with DTC’s existing systems remaining the authoritative source of transactions.

    DTCC continues to work closely with its clients on a phased expansion of the platform. The Project Ion platform will continue to be enhanced according to client and industry needs. Future enhancements may include additional DTC activities and capabilities as well as the expansion of Project Ion to DTCC subsidiary National Securities Clearing Corporation (NSCC) to take advantage of NSCC’s central counterparty (CCP) trade guarantee for every cleared transaction.

  • For More Information

    For more information, please contact email

Additional Resources

  • News

    Check out the latest news about End of Day Net Funds Settlement service. Visit the DTCC website to learn how the service works and who can use it.

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  • Legal

    Download legal information about End of Day Net Funds Settlement offering same-day settlement finality, thereby reducing the duration of settlement risk for participants.

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  • Support

    Our support experts are available 24 hours a day. Contact us with questions regarding End of Day Settlement. Read more about our settlement and asset services.

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DTCC Learning

DTCC Learning offers comprehensive, fast-track training for DTCC customers of financial services organizations who are looking to expand their expertise and abilities in using the post-trade processing products and services provided by DTCC’s subsidiaries.