Search: Project Ion

The distributed-ledger technology (DLT) driven settlement service is now processing an average of more than 100,000 bilateral equity trades daily and more than 160,000 transactions on peak days in parallel production

“Project Ion has demonstrated that settlement in a T+1 or T+0 environment are effective use cases for DLT, and we look forward to working with our clients and the industry to launch the new platform," says Murray Pozmanter

Peve will have responsibility for the firm’s global corporate strategy, digital product development and strategic partnerships and alliances reporting to DTCC president and CEO Michael Bodson

In order to move to T+1, DTCC says industry participants must align and agree to shorten the settlement cycle by implementing the necessary operational and business changes, and regulators must be engaged

DTCC’s proposals are contained in two case studies, Project Ion and Project Whitney, which mark its latest efforts to examine the potential applications of distributed ledger technology, asset digitalisation

DLT-based innovation is reshaping securities finance architecture and attracting new providers and consumers of collateral into the market. Bob Currie examines the development pipeline