The Depository Trust & Clearing Corporation (DTCC), the sole provider of US post-trade infrastructure processing $4.7 quadrillion in securities annually, has confirmed three key timelines for its blockchain settlement initiative: June 28th for NSCC 24/5 clearing operations, July 26th for limited production trades of tokenized Russell stocks, ETFs, and US Treasuries, and October for the full service launch of this new financial infrastructure.
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WAIT… DTCC Just CONFIRMED $4.7 QUADRILLION Is Moving To Blockchain?!Added:
Now, let me paint this full picture for you, okay? Just so you can understand how big this actually is.
DTCC 4.7 quadrillion in securities every year.
It custodies over 114 trillion in assets. It is the sole provider of your post-trade infrastructure in the United States, and it just confirmed three timelines that all point at the same destination.
June 28th, NSCC goes 24/5. Always on clearing begins. That is the bridge to blockchain settlement. July 26th, you get your limited production trades of the tokenized Russell stocks, ETFs, and US Treasuries. This is the blockchain financial system that starts processing real money for the first time under the DTC's custody. And in October, full service launch, the new era, the new infrastructure, it begins.
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