The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced the successful completion of a proof-of-concept to better manage the netting process for U.S. Treasury and Agency repurchase agreement (repo) transactions leveraging distributed ledger technology (DLT). Working with Digital Asset, a developer of DLT solutions for financial institutions, the two companies have demonstrated for the first time the successful netting of “start” leg repo transactions with prior end-of-day net securities obligations in the DTCC environment.
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