DTCC announces Industry Sandbox 18 October 2024 US Reporter: Klea Neza
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DTCC has announced the DTCC Digital Launchpad, an industry sandbox intended to bring together financial market participants and clear the path to scalable adoption of digital assets.
The Launchpad will feature market participants, technology providers, and others working together to identify and collaborate on meaningful pilots that have a clear path to production, notes the firm.
It will also provide DLT infrastructure that features capabilities from the DTCC Digital Assets product suite. These capabilities aim to help firms address some of the industry’s biggest challenges around data, liquidity, and infrastructure, including interoperability and data harmonisation.
Frank La Salla, DTCC president, CEO and director, comments: “DTCC Digital Launchpad will unify stakeholders from nearly every corner of the financial markets to solve the challenges facing adoption of digital asset technology.”
Nadine Chakar, global head of DTCC Digital Assets, says: “We’ve reached a critical inflection point in the adoption of digital asset technology, and DTCC is challenging the industry to rethink and reframe its siloed approach.
“The ultimate objective of DTCC Digital Launchpad is to bring the industry together to build production-ready, secure, and efficient digital market infrastructure and standards that will transform capital markets for generations to come.”
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