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