DTCC, the U.S. market infrastructure provider, has signed a definitive agreement to acquire Securrency Inc., a developer of institutional-grade digital asset infrastructure. The acquisition is expected to close shortly. Both U.S. Bank and State Street are investors in Securrency.
Securrency will become a wholly-owned subsidiary of DTCC and will operate under the name DTCC Digital Assets. Nadine Chakar, who joined Securrency as CEO earlier this year from State Street, will transfer to DTCC as global head of DTCC Digital Assets, reporting to Lynn Bishop, chief information officer. Chakar will also join the DTCC management committee. In addition, Dan Doney, CTO and founder of Securrency, John Hensel, COO and co-founder, and other members of the Securrency leadership team, as well as c. 100 Securrency staff, will become DTCC employees.