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DTCC make a strategic investment in iCapital and explore cooperation DLT with tokenization applications in private markets

PANews September 28 reported that, according to an official announcement, The Depository Trust & Clearing Corporation (DTCC) and iCapital announced a strategic partnership to jointly advance private-market infrastructure,DTCC while also making a strategic investment in iCapital. The two parties will integrate DTCC’s market infrastructure, processing capabilities, and network with iCapital’s technology platform and investment workflows, connecting data, operations, and market participants across the private-investment lifecycle and reducing operational friction. As an initial area of cooperation, the two parties plan to further integrate DTCC’s alternative-investment products (AIP) with iCapital’s alternative-investment platform and explore the applications of technologies such as blockchain DLT and tokenization in private markets.DTCC Talia Klein, Head of Wealth and Investment Solutions, will join iCapital’s board of directors as an observer.

Source: https://www.panewslab.com/zh/articles/01a0e835-e641-7384-8d62-604b29234adc