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
More on Industry Issues & Initiatives
Waters Wavelength
Episode 126: Brexit Fallout; the SGX-NSE Battle Continues; Cellphone Location Data
Anthony and James hit on a wide-range of topics, from Brexit in the UK, to the SGX-NSE fight in APAC, to the Supreme Court's decision on cellphone location data in the US.
Subscribe to Weekly Wrap emails
Most read
- Episode 126: Brexit Fallout; the SGX-NSE Battle Continues; Cellphone Location Data
- Burton-Taylor: Regulation-Driven Data Spend to Grow, But Desktops Threaten Resurgence
- Banks, Bourses and Regulators Form Spanish-Market DLT Venture
- Bloomberg Eyes Amsterdam for Trading and Reporting Platforms
- CME Group Adds Two Alt Data Providers to DataMine
Back to Top