Depository Trust & Clearing Corp. (DTCC) today announced that it had agreed to buy digital asset infrastructure firm Securrency in a bid to make bigger inroads into the blockchain space.

In a Thursday announcement, the U.S. clearinghouse said that it had signed an agreement to acquire Securrency—but did not say for how much.

Bloomberg citing anonymous sources reported that DTCC bought Securrency for about $50 million. DTCC told Decrypt that it could not reveal the financial terms of the acquisition.

The firm said in a statement that the “acquisition will position the clearinghouse to provide global leadership in bridging best-in-class industry practices with advanced digital technology to encourage adoption of digital assets.”

It added that the DTCC would be able to provide “global leadership” to push the “acceptance and adoption of digital assets.”

DTCC works to provide clearing and settlement services to the financial markets—processing transactions and trades.

It doesn’t have the same kind of name recognit

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Author: Mathew Di Salvo

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