Settlements Giant DTTC Acquires Blockchain Infrastructure Developer Securrency

The Depository Trust & Clearing Corporation (DTCC) has finalized an agreement to acquire Securrency, a company specializing in digital asset infrastructure. This acquisition aims to facilitate the gradual integration of digital assets into DTCC’s existing products and services. While the financial terms of the deal remain undisclosed, the completion is anticipated within the next few weeks.

Post-acquisition, Securrency will be rebranded as DTCC Digital Assets. The existing leadership team, along with around 100 employees, will continue with the company. Securrency has received backing from several notable investors, including State Street, U.S. Bank, WisdomTree, and Abu Dhabi Catalyst Partners, and has established a partnership with GK8, a cybersecurity and digital asset custodian. In a statement, DTCC’s president and CEO, Frank La Salla, expressed his thoughts on the transaction.