Wall Street's DTCC Launches Private Blockchain Platform to Settle Trades

New York-based post-trade financial services company, The Depository Trust & Clearing Corporation (DTCC), has released a private blockchain project aimed at providing a secure settlement service to clients, according to a press release. The blockchain platform is called Project Ion and DTCC says it is now processing an average of over 100,000 bilateral equity transactions per day in a parallel processing environment, and almost 160,000 on peak days.