15 Banks Join DTCC Post-Trade Blockchain as Project Enters Testing

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The Depository Trust & Clearing Corporation (DTCC) has advanced its main blockchain project to a testing phase with 15 global banks, one of the last steps before taking the tech live. 
Announced today, U.K.-based Barclays is among the global banks participating in the test, while the other 14 were not named. Together they will be kicking the tires of DTCC's distributed ledger and cloud-based platform for its credit derivatives Trade Information Warehouse (TIW).
Upon successful completion, DTCC expects to move to an "open" testing phase by the end of the year, it said in a statement. At that time other market participants and service providers will have the opportunity to test. Testing is anticipated to be completed by the first quarter of 2019 with go-live scheduled thereafter.

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