Tagged: dtcc

Getting Real: Banking Technologists and Professor Debate Blockchain at Federal Reserve Atlanta

Banking technologists Martin Walker, Keith Pritchard and Professor David L Yermack debated the promise and realities of blockchain and distributed ledger technologies on a panel that opened the most recent Mapping the Financial Frontier Conference. The conference was held at Federal Reserve Bank in Atlanta,… Read More

DTCC: Analyst says “DLT Maximalism” for Clearing Would Lead to Liquidity Crunch and Reduced Market Oversight

A Senior Analyst on Greenwich Associates’ Market Structure and Technology Team has produced a whitepaper and participated in a series of videos that challenge “DLT maximalist” claims that distributed ledger technology (DLT or “blockchain”) can effectively replace the roles played by central clearinghouses in securities settlement…. Read More

The Depository Trust & Clearing Corporation Provides Guidelines for Security Tokens and Post Trade Responsibilities

The Depository Trust & Clearing Corporation (DTCC) has published guidelines on security tokens and post trade responsibilities. The issuance of these guiding principles are an important step in the utilization of the issuance and ongoing trading of blockchain based securities tokens or crypto assets. DTCC… Read More

One Fifth of Respondents to DTCC Survey Concerned Blockchain / Fintech Adding Risk in Global Securities Settlement

About 20% of respondents to the Depository Trust and Clearing Corporation’s (DTCC’s)  “Systemic Risk Barometer” survey this year identified “Fintech” (blockchain, AI, cloud computing) as a possible source of risk in global securities settlement in 2019. Only 15% expressed similar concern last year. Commenting on… Read More

Blythe Masters, CEO of Digital Assets, Hands Over CEO Role to AG Gangadhar

Blythe Masters, the CEO of software engineering firm DigitalAssets, has stepped down from her leadership role in the firm due to “personal reasons.” AG Gangadhar will immediately assume the position of acting CEO. Masters has been CEO since 2015 and has an accomplished resume of experience… Read More

World Economic Forum Convenes New Consortium Including Citigroup, Zurich Insurance Group & Kabbage to Address Fintech Cybersecurity

The World Economic Forum announced the creation of a new consortium to strengthen cybersecurity for fintech companies and data aggregators. The consortium’s founding members include global bank Citigroup, insurance company Zurich Insurance Group, fintech lender Kabbage, infotech company Hewlett Packard Enterprise (HPE), and financial infrastructure… Read More

Ripple Announces: Major Banks Team Up to Launch Blockchain Payments Network

San Francisco fintech company, Ripple, announced on Friday that six major have teamed up to launch a new blockchain network on distributed financial technology. Bank of America Merrill Lynch, Santander, UniCredit, Standard Chartered, Westpac Banking Corporation, and Royal Bank of Canada have teamed up to… Read More

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