Post-trade financial services company has announced it will soon start developing new blockchain-based platform for processing credit default swaps.
As the SEC engages in detailed discussions with investment giants like BlackRock and Fidelity, the potential approval of a spot Bitcoin ETF seems to be moving closer to reality.
As the growing anticipation for a spot Bitcoin ETF approval continues to propel BTC prices higher, Jurrien Timmer, Fidelity’s director of global macro, believes the crypto asset could surge to over $1 billion in 2038.
A DTCC spokesperson confirmed that the IBTC ticker for the BlackRock iShares Bitcoin ETF has appeared since August through a unique ID code called CUSIP.
Bitcoin (BTC) has established strong support between $25,000 and $30,000. Take a look at the next key resistance.
BlackRock’s iShares Bitcoin Trust gets listed on the Depository Trust & Clearing Corporation (DTCC), however, analyst predict all approvals to happen at once.
If approved, the Bitcoin ETF is poised to revolutionize the accessibility of the crypto market for investors, offering a simplified avenue to invest in BTC without grappling with the intricacies of managing digital assets on crypto exchanges.
Through the acquisition by DTCC, Securrency will henceforth become DTCC Digital Assets with top executives also joining the new force under different roles.
BofA said that adopting innovative practices in the current market structure is crucial to offer better services to their customers. The banking giant will offer real-time trade settlements to its clients using Paxos’s Ethereum-based trade settlement solutions.
DTCC’s cloud-based platform will join hands with several other organization to implement its blockchain-based credit derivatives services.
Post-trade financial services company has announced it will soon start developing new blockchain-based platform for processing credit default swaps.