Settlements giant DTTC acquires blockchain infrastructure developer Securrency By Cointelegraph
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The Depository Trust & Clearing Corporation (DTTC) has signed an agreement to acquire Securrency, a digital asset infrastructure developer. The acquisition will allow DTCC to embed digital assets gradually in its existing products and services, it said. Terms of the deal were not disclosed. It is expected to close “within the next several weeks.”
Securrency will be renamed DTCC Digital Assets. Securrency’s top management and around 100 employees will remain with the company. The company was backed by State Street (NYSE:), U.S. Bank, WisdomTree and Abu Dhabi Catalyst Partners and partnered with cybersecurity and digital asset custodian GK8. DTCC president, CEO and director Frank La Salla said in a statement:
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The Depository Trust & Clearing Corporation (DTTC) has signed an agreement to acquire Securrency, a digital asset infrastructure developer. The acquisition will allow DTCC to embed digital assets gradually in its existing products and services, it said. Terms of the deal were not disclosed. It is expected to close “within the next several weeks.”
Securrency will be renamed DTCC Digital Assets. Securrency’s top management and around 100 employees will remain with the company. The company was backed by State Street (NYSE:), U.S. Bank, WisdomTree and Abu Dhabi Catalyst Partners and partnered with cybersecurity and digital asset custodian GK8. DTCC president, CEO and director Frank La Salla said in a statement:
Continue Reading on Cointelegraph
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