As tokenization gains popularity in the crypto industry, clearing house DTCC marked its presence in the acquisition space with the purchase of Securrency to gain a strong foothold for providing enhanced services to investors.

What Happened: The premier market infrastructure for the global financial services industry, Depository Trust & Clearing Corporation (DTCC) announced its definitive agreement to acquire startup company Securrency to position the former to encourage the adoption of digital assets. It marks the company’s first acquisition after 10 years.

The deal is expected to close in the upcoming weeks. DTCC paid around $50 million for the company, Bloomberg reports, citing…

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