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DTCC’s Project Ion Goes Live, Processing Over 100,000 Transactions Per Day on DLT

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The Depository Trust & Clearing Corporation (DTCC), the market infrastructure provider, has gone live in a parallel production environment with the Project Ion platform, an alternative equities settlement platform that leverages distributed ledger technology (DLT). The platform is now parallel processing an average of over 100,000 bilateral equity transactions per day, and almost 160,000 transactions on peak days.

DTCC claims that Project Ion represents one of the largest DLT initiatives in equities settlement across the financial services industry. DTCC partnered with enterprise technology provider R3 to develop and launch the Project Ion platform, leveraging R3’s Corda DLT software.

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