U.S. Depository Trust and Clearing Corporation Announces Results of Blockchain Securities Settlement Pilot

According to Ledger Insights, the U.S. Depository Trust and Clearing Corporation (DTCC) announced the results of blockchain securities settlement pilots, one of which is a distributed ledger (DLT) for simulating a central bank digital currency (CBDC), and the other is a digital settlement network. Tokenized Securities on , which aims to evaluate the use of digital dollars and distributed ledgers for DvP settlement in the U.S. wholesale market. Relevant pilots involve cash custody, that is, cash anchored to digital dollars needs to be escrowed until settlement occurs. Market participants in this pilot include Bank of America, Citigroup, Nomura Securities, Northern Trust, State Street Bank, Virtu Financial and Wells Fargo.