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.
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
Sources
- americanbanker.com /news/dtcc-to-buy-securrency-as-asset-tokenization-rises-on-wall-street