The DA platform processed more than four times the amount of trades per second than the latest DLT prototype developed by DTCC.
Tag: Digital Asset
DTCC built a blockchain-based clearing and settlement platform that could process over 100 million US equities trades per day
Custodians stand to benefit from using the technology for new revenue-generating products around data services.
Digital Asset’s head of Europe sees potential opportunity through distributed ledger technology in settlement for securities lending between when counterparties want to settle.
The project could serve as the basis for other market infrastructures to revamp their post-trade systems using the technology.
Former JP Morgan exec to join Digital Asset as a senior product manager in the company's Sydney office.