You might be interested: Binance Ends Visa Card Service for Europe

This deal has resulted in Securrency becoming a wholly-owned subsidiary of DTCC and will henceforth operate as DTCC Digital Assets.

(Securrency is led by former State Street crypto manager Nadine Chakar). It is a specialist in offering customers a solid platform for tokenization of their real-world assets. The company also claims to have one of the most comprehensive and patented compliance technologies in the industry.

According to reports, DTCC has purchased Securrency for 50 million dollars.

According to DTCC’s statement, this acquisition seems as a significant step to boost the power of corporate DeFi. Also, it seems as a step contribute to the rapid development of the corporate digital asset platform.

Securrency CEO Nadine Chakar expressed excitement about the collaboration, saying “While we merge our powers with DTCC, we are very excited to combine DTCC infrastructure capabilities with Securrency’s technology to support a future where capital market digitalization is the pioneer of innovation. These capabilities will offer DTCC the opportunity to collaborate with the industry to build a critically flexible and scalable infrastructure for mass adoption of digital assets.”

In the comment section, you can freely share your comments and  opinions about the topic. Additionally, don’ t forget to follow us on Telegram, YouTube, and Twitter for the latest news and updates.

The post DTCC Buys Securrency For DeFi Strategy! appeared first on Coin Engineer.