DTCC announced it has closed on the transaction to acquire Securrency, a developer of institutional-grade, digital asset infrastructure. With the acquisition complete, DTCC retires the Securrency brand, and has renamed the business DTCC Digital Assets. It will operate as a business within DTCC, reporting into Lynn Bishop, managing director and chief information officer.
“We are excited to bring together our people, expertise and respective technologies to create a powerful combination that will help the industry unlock the value of digital assets and drive market-wide transformation,” said Frank La Salla, DTCC President, CEO and Director. “We look forward to providing global leadership to establish a robust digital infrastructure that protects the safety and soundness of financial markets and delivers on the enormous promise and potential of institutional DeFi in the coming years.”