DTCC, a company that settles more than 2 QUADRILLION dollars in stock market transactions worldwide, is launching a new platform with the Ethereum network. This is amazing for ETH.

This is honestly such huge news that I can't believe it hasn't been talked about more. If you don't know what DTCC is, they're the organization that settles the vast majority of all security transactions in the United States. In 2011, they settled close to 1.7 Quadrillion dollars worth. With the recent boom in the stock market because of COVID, this is likely much higher than 2 Quadrillion for 2021.Last month they announced that they will be launching a new platform that interfaces with the Ethereum network. This is from their press release:From launch, DSM will optimize primary issuance and transform secondary markets, creating new business model and distribution opportunities for participants while facilitating a digital asset ecosystem. Architected to be blockchain agnostic, DSM will initially interface with the Public Ethereum Network, but will incorporate additional public and private blockchain support based on client and market demand.This platform is described as a market infrastructure for the global financial services industry. Essentially, Ethereum is going to power the future of securities trades.TL;DR: The largest securities platform in the USA, that processes more than 2 Quadrillion in trades worldwide per year, is launching a new platform on Ethereum. I don't think I need to explain to you how huge this is.Source

Submitted December 17, 2021 at 04:30AM