DTCC / Securrency 2023
DTCC acquired Securrency for $50M on October 20, 2023.
- Target
- Securrency
- Acquirer
- DTCC
- Deal value
- $50M
- Announced
- October 20, 2023
- Sub-sector
- Capital Markets Tech
Transaction overview
- DTCC announced the acquisition of Securrency on October 20, 2023 for $50M.
- The deal is expected to close pending customary conditions.
Strategic rationale
Acquire blockchain and digital asset tokenization technology to embed into DTCC's settlement and clearing infrastructure and support industry adoption of tokenized assets.
Deal terms & multiples
Frequently asked questions
How much did DTCC pay for Securrency?
DTCC acquired Securrency for $50M, announced on October 20, 2023.
When did DTCC announce the acquisition of Securrency?
DTCC announced the acquisition of Securrency on October 20, 2023.
What sub-sector is Securrency in?
Securrency is tracked in the Capital Markets Tech sub-sector.
Sources
- americanbanker.com /news/dtcc-to-buy-securrency-as-asset-tokenization-rises-on-wall-street