The Depository Trust & Clearing Corporation (DTCC) said it has entered into a strategic partnership with iCapital and made an investment in the firm. The two companies plan to combine DTCC’s market infrastructure with iCapital’s alternative investment platform to improve efficiency across private markets. The areas cited include trade processing, data exchange, administration, and reporting. They also said they intend to explore applications tied to distributed ledger technology, or DLT, as well as tokenization. iCapital currently supports about $1.2 trillion in platform-served assets, according to the announcement. The update points to a joint effort centered on operational infrastructure and the potential use of blockchain-based tools in private market workflows.
DTCC said it has formed a strategic partnership with iCapital and made an investment in the company.
The two firms plan to combine DTCC’s market infrastructure with iCapital’s alternative investment platform to improve efficiency in private markets, specifically in trade processing, data exchange, administration, and reporting.
They also plan to explore the use of distributed ledger technology, or DLT, and tokenization. iCapital currently serves about $1.2 trillion in assets on its platform.
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