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.

disappear

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

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Bank-backed Versana takes aim at syndicated loan tech

Born from a consortium that includes JP Morgan and Bank of America, Versana aims to bring up-to-date and permissioned data to the syndicated loan market—the first step to a more transparent and faster operating market.

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