Digital Greenback Might Streamline Settlements, DTCC Says

Digital Greenback Might Streamline Settlements, DTCC Says

by Jeremy

“This new initiative represents the essence of innovation … we should always anticipate digital transformation to reshape markets and market construction within the coming years,” DTCC Managing Director Jennifer Peve mentioned in an announcement, referring to a program carried out with the nonprofit Digital Greenback Challenge and main banks resembling Citigroup (C), Financial institution of America (BAC) and State Road (STT) to check using a digital greenback in monetary markets.

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