DTCC Chief: We’re Going to 'Disappear' As Blockchain Evolves
The head of the US depository system says the utility will not exist in its current form, but will have a central role to play in a post-DLT world.
It takes a certain level of confidence to be optimistic about your own demise. Mike Bodson has it down to an art form.
The chief executive of the Depository Trust and Clearing Corporation (DTCC) is convinced, it seems, that distributed-ledger technology (DLT) will spell the end of the DTCC as the industry knows it.
“From where we sit, we were created because you need a golden copy of trade records. We’re going to disappear. I keep telling everyone who comes to work for me, where we are now is
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Trading Tools
Waters Wavelength
Wavelength Podcast Ep. 219: People & Datacenters on the Move?
A discussion about Texas wooing Jersey companies, offices in Salt Lake City, and programmer skills.
Subscribe to Weekly Wrap emails
Most read
- Fermi’s New Paradox: If AI Analysts Are So Obvious, Where is Everybody?
- Waters Wrap: Blockchain is Still Overhyped (And Ion/Broadway Thoughts & the Consulting Boom)
- Waters Wrap: Is AML Tech Worth the Cost? (And Cloud Moves & More Blockchain)
- This Week: BNP Paribas; Deutsche Börse/ISS; Nasdaq/Verafin; Tora/TP Icap; Gresham/Data-Xchange
- This Week: RepRisk/JP Morgan; TP Icap; Moody’s/MioTech; FTSE Russell; SimCorp & More