DTCC CTO Says Unnamed System Could Free Up $52 Trillion

Dan Doney, chief technology officer of the Depository Trust & Clearing Corporation (DTCC), said an unnamed system could free up about $52 trillion in assets as financial markets examine blockchain infrastructure. The figure represents the potential scale of the proposed release. The system Doney referenced was not identified or described. DTCC oversees clearing and settlement processes across financial markets. Blockchain discussions involving financial institutions have also focused on asset management, data integrity and broader integration with traditional financial infrastructure. Chainlink provides data feeds for smart contracts across blockchains.

Source: TokenPost