In a letter to shareholders, the chief executive of major US clearinghouse DTCC wrote that the company seeks to be "at the forefront" of the development of blockchain and distributed ledger applications in the finance space.
Under a subsection entitled "Embracing Disruption", Bodson described how DTCC sought counsel with industry stakeholders, going as far as establishing an "Office of Blockchain Strategies and Research" to spearhead internal experimentation.
Bodson called the potential presented by the technology a "once-in-a-generation opportunity", while at the same time reflecting on the oft-hyped nature of blockchain – a possible nod to a January white paper released by DTCC that aimed to calm expectations at major financials.
"While the rhetoric may have been overheated at times, the fact is that we are excited by this once-in-a-generation opportunity to reimagine the post-trade infrastructure to address long-standing operational challenges," he wrote.
While Bodson did not make specific commitments or announcements in the letter, DTCC has moved in recent weeks to stake its ground in the blockchain space, announcing its partnership with Digital Asset and indicating that it would be open to an evolution of its business model in the face of a shifting technological landscape.
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