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The American Depository Trust and Clearing Corporation introduced a service on the blockchain, which will give customers the opportunity to trade traditional financial instruments.
The Depository Trust & Clearing Corporation of the United States (DTCC) has launched a private project Project Ion, one of the largest in the field of distributed ledger technology (DLT) in the stock market.
The DTCC states that the platform built on blockchain technology allows you to process daily from 100,000 to 160,000 bilateral transactions with shares per day.
“This is a landmark achievement for the stock markets, reflecting the deep level of cooperation and partnership between DTCC and our clients. Digital assets and new technologies based on the blockchain form and develop the diversity of financial services, create new value and move the industry forward, “said Murray Pozmanter, CEO and President of DTCC.
Project Ion has received approval from U.S. financial regulators. Its design and implementation was facilitated by the financial corporations Barclays, BNY Mellon, Charles Schwab, Citadel Securities, CITI and Credit Suisse.
Earlier, the World Gold Council recommended integrating blockchain technologies into the production processes of the gold mining industry. The Council believes that the use of blockchain will allow the industry to achieve transparency of transactions with precious metals and consumer confidence.
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