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DTCC joins forces with IBM, Axoni, R3 for new blockchain tech

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DTCC joins forces with IBM, Axoni, R3 for new blockchain tech

DTCC joins forces with IBM, Axoni, R3 for new blockchain tech

– The Depository Trust & Clearing Corporation (DTCC) has teamed up with IBM, Axoni and R3 to re-platform its Trade Information Warehouse (TIW) using distributed ledger technology.The TIW automates the record keeping, lifecycle and payment management services for more than $11 trillion of cleared and bilateral credit derivatives, according to DTCC.A blockchain-based solution will enable it to “streamline, automate and reduce the cost of derivatives processing across the industry by eliminating the need for disjointed, redundant processing capabilities and the associated reconciliation costs.”A number of names had aided in the development of the new solution, including Barclays, Deutsche Bank, UBS and Wells Fargo.

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DTCC doing credit derivatives blockchain with IBM, Axoni and R3

DTCC doing credit derivatives blockchain with IBM, Axoni and R3

– The Depository Trust & Clearing Corporation (DTCC), the major post-trade infrastructure hub, has selected IBM, Axoni and R3 to re-platform its Trade Information Warehouse, which currently manages post-trade processing for nearly all credit derivatives.The new post-trade blockchain system is planning to go live in early 2018.The firms will work collaboratively to build a derivatives distributed ledger solution for post-trade processing based on DTCC’s existing Trade Information Warehouse (TIW) capabilities.

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DTCC selects IBM, Axoni and R3 to develop blockchain for derivatives

DTCC selects IBM, Axoni and R3 to develop blockchain for derivatives

– The Depository Trust & Clearing Corporation (DTCC) has chosen IBM, in partnership with Axoni and R3, to provide a blockchain/distributed ledger technology (DLT) framework to drive improvements in derivatives post-trade lifecycle events.The firms will work on DTCC’s Trade Information Warehouse (TIW), building a derivatives distributed ledger solution for post-trade processing.The TIW service currently automates the record keeping, lifecycle events, and payment management for more than $11 trillion of cleared and bilateral credit derivatives.

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