The Depository Trust and Clearing Corporation (DTCC) closed its deal on Monday to acquire Securrency as traditional finance-crypto integrations continue to emerge. 

The purchase was first announced in October. It is part of a bid to help accelerate the expected greater institutional use of on-chain assets amid an industry-wide tokenization push.

DTCC CEO Frank La Salla said in a Monday statement that the firm seeks to build “a robust digital infrastructure that protects the safety and soundness of financial markets and delivers on the enormous promise and potential of institutional DeFi in the coming years.”

Read more: DTCC tees up institutional DeFi push with Securrency buy

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