DTCC Has Acquired Securrency, a Provider of Digital Asset Infrastructure

The Depository Trust & Clearing Corporation (DTCC) announced that it has entered into a definitive agreement to acquire Securrency Inc. in a milestone step. This strategic buyout should speed the realization of DTCC's digital ambitions and establish its role as a global leader in the evolution of post-trade financial services.
Securrency and DTCC Merger
Securrency, soon known as DTCC Digital Assets, will be fully integrated under DTCC. This merger will bring Securrency's robust technology innovations along with DTCC's extensive financial network, aiming to optimize and enhance the efficiency of digital asset transactions in global markets.
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Nadine Chakar, CEO of Securrency, will assume a key position as Managing Director and Global Head of DTCC Digital Assets. Under the leadership of Lynn Bishop, DTCC CIO, Chakar will also serve on the DTCC Management Committee, ensuring a smooth merger of technology and operational excellence. Along with Chakar, Securrency CTO Dan Doney and COO John Hensel will move to DTCC, along with other key executives and approximately 100 employees who will bring new expertise to the corporation.
Frank La Salla, President and CEO of DTCC, elaborated on the significance of this acquisition, “Securrency is a critical part of our strategy to enhance the entire lifecycle of digital assets through advanced technology. This partnership is not just an acquisition, it is an amalgamation of strengths that will lead to shorter settlement times, greater market transparency and ultimately a more efficient and innovative financial landscape.”
Commitment to Financial Innovation
DTCC's Digital Assets division will also explore client-driven pilots and develop digital products to address existing gaps in market infrastructure. These initiatives are expected to optimize the end-to-end lifecycle of digital assets and create a robust system of control for digital asset securities.
With more than 50 years of experience as a trusted market infrastructure provider, DTCC continues to make significant contributions to the financial sector. The acquisition of Securrency is not just an expansion but a critical step towards a fully integrated digital financial ecosystem.