The partners are working on a proof of concept for clearing repo transactions
The US Depository Trust & Clearing
Corporation and blockchain start up Digital Asset Holdings plan
a distributed ledger based solution to manage the clearing and
settlement of US Treasury and agency mortgage-backed repurchase
agreement (repo) transactions.
According to the DTCC and Digital Asset
Holdings, repo agreements were selected for this proof of
concept because there is an opportunity to streamline how these
products are cleared given their volumes continue to grow. Repo
trades often occur in real time, while the settlement, clearing
and netting processes happen in multiple steps.
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