DTCC Invests In iCapital As Firms Partner On Private Markets Infrastructure
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The Depository Trust & Clearing Corporation and iCapital have formed a strategic collaboration to improve infrastructure supporting private market investments, with DTCC also making a strategic investment in iCapital. The partnership combines DTCC's market infrastructure, processing capabilities and financial-services network with iCapital's technology and alternative-investment workflows. The companies plan to connect data, operations and market participants across the private investment lifecycle in an effort to reduce operational friction and allow wealth advisers and asset managers to participate in private markets more efficiently. One initial initiative will further integrate DTCC's Alternative Investment Product with iCapital's alternative investment platform. The companies plan to connect transaction processing, data exchange, access, administration and reporting across the two systems. DTCC and iCapital also intend to evaluate technologies including blockchain-enabled distributed ledger technology and tokenization where appropriate. The collaboration comes as private assets become a larger component of individual and institutional investment portfolios, increasing demand for greater standardization across transaction and operating processes. As part of DTCC's investment, Talia Klein, Head of Wealth & Investment Solutions at DTCC, will become an observer on...
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