Financial News: DTCC and Blythe Masters push blockchain for repos

Posted by Digital Asset on Feb 27, 2017 9:00:00 AM

A project to bring cutting-edge blockchain technology to the vast $3-trillion-a-day US repo market has come a step closer to fruition.

The tech firm led by Blythe Masters, the high-profile former JP Morgan executive, and the Depository Trust & Clearing Corporation, one of the largest US clearing houses, are moving to phase-two of the project after a successful "proof of concept" test, the firms said in a joint statement on February 27.

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