DTCC announced that it has closed the transaction to acquire Securrency Inc., a leading developer of institutional grade digital asset infrastructure.
DTCC announced the signing of the definitive agreement to acquire Securrency in October.
Upon completion of the acquisition, DTCC is retiring the Securrency brand and renaming the business DTCC Digital Assets. It will operate as a business within DTCC, reporting to Lynn Bishop, Managing Director and Chief Information Officer.
“We are excited to bring together our people, expertise and respective technologies to create a powerful combination that will help the industry unlock the value of digital assets and drive market-wide transformation,” said Frank La Salla , President, CEO and Director of DTCC. “We look forward to providing global leadership in building a robust digital infrastructure that protects the safety and soundness of financial markets and delivers on the enormous promise and potential of institutional DeFi in the coming years.”