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DTCC and Blythe Masters push blockchain for repos

Digital Asset Holdings and the post-trade giant complete a proof-of-concept using blockchain to keep track of transactions in real time

DTCC and Blythe Masters push blockchain for repos
Photo: Getty Images

A project to bring cutting-edge blockchain technology to the vast $3-trillion-a-day US repo market has come a step closer to fruition.

The tech firm led by Blythe Masters, the high-profile former JP Morgan executive, and the Depository Trust & Clearing Corporation, one of the largest US clearing houses, are moving to phase-two of the project after a successful "proof of concept" test, the firms said in a joint statement on February 27.

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