CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
cryptonews 2023-10-19 19:00:00

US Clearinghouse DTCC Acquires Blockchain Startup Securrency in $50 Million Deal

Today, the Depository Trust & Clearing Corporation (DTCC) agreed to acquire blockchain startup Securrency Inc. in a deal worth around $50 million, according to a Bloomberg report. The acquisition is part of DTCC's broader push into blockchain technology and services for functions like post-trade processing of tokenized digital assets. The acquisition deal is expected to close in the coming weeks with 100 Securrency employees set to join DTCC after the acquisition.... Read More: US Clearinghouse DTCC Acquires Blockchain Startup Securrency in $50 Million Deal

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.