TechFlow news, the Depository Trust & Clearing Corporation (DTCC) announced the completion of its acquisition of blockchain-based financial technology firm Securrency, which has been renamed DTCC Digital Assets.
The transaction aims to advance digital post-trade infrastructure. DTCC President and CEO Frank La Salla said the integration will help the industry unlock the value of digital assets and drive institutional DeFi development.
DTCC is known as the world's largest and most advanced securities depository and clearing organization.
Earlier reports indicated, according to sources, that DTCC would pay approximately $50 million to Securrency.
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