In blockchain for repo initiative, DTCC goes head-to-head against Fedwire securities settlement services (Premium)

DTCC and Digital Asset Holdings have announced their intention to pilot a blockchain project for moving US government repo into into the same-day settlement realm. The press release describes an extension of the Fixed Income Clearing Corporation (FICC) infrastructure that would allow same-day starting repo trades to settle through DTCC’s facility, with DTCC acting as the central clearing party. This challenges the Fedwire system and is an example of how blockchain may force substantial change across market actors and their traditional roles.

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