DTCC announced it has closed on the transaction to acquire Securrency Inc., a leading developer of institutional-grade, digital asset infrastructure.

DTCC announced the signing of the definitive agreement to acquire Securrency in October.

With the acquisition complete, DTCC retires the Securrency brand, and has renamed the business DTCC Digital Assets. It will operate as a business within DTCC, reporting into Lynn Bishop, Managing Director and Chief Information Officer.

“We are excited to bring together our people, expertise and respective technologies to create a powerful combination that will help the industry unlock the value of digital assets and drive market-wide transformation,” said Frank La Salla, DTCC President, CEO and Director. “We look forward to providing global leadership to establish a robust digital infrastructure that protects the safety and soundness of financial markets and delivers on the enormous promise and potential of institutional DeFi in the coming years.”