DTCC to explore DLT solutions in projects aimed at optimizing public and private markets

The Depository Trust & Clearing Corporation (DTCC) has announced plans to launch two studies aimed at integrating digital ledger technology (DLT) in public and private markets. The so-called Project Ion will look to leverage DLT for more efficient settlement on the public side, while Project Whitney will explore tokenization and other digital solutions for private market securities.

DTCC already provides significant post-trade market infrastructure, but it's looking to digitize, according to Jennifer Peve, Managing Director, Business Innovation at DTCC. Ion and Whitney are the next steps in the digitization journey, according to Peve.

“Both serve as examples of practical experiments incorporating innovative technology and business concepts designed to strengthen post-trade processes and provide a resilient, secure and efficient post-trade infrastructure for the industry," she said in a statement.