The Depository Trust & Clearing Corp. and Digital Asset Holdings are targeting the repurchase agreement market as the latest use case for a blockchain solution.

DTCC, a post-trade financial services company, plans to test a distributed ledger for managing repo transactions using software developed by Digital Asset. The New York-based blockchain startup uses distributed ledgers to track and settle digital and mainstream financial assets. Such ledgers are intended to reduce counterparty risk and transaction settlement times.

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