November 11, 2021
Like clockwork, Ethereum’s revenues continue to increase. Day after day. Week after week. Month after month.
But that’s not the point of this post.
On Tuesday, the DTCC announced that they are launching a new platform aimed at improving the issuance, transfer, and servicing of private market securities through *tokenization.*
This is the same DTCC (Depository Trust & Clearing Corp) that provides clearing and settlement to essentially the entire American financial market, and much of the world (170 countries).
“DSM (Digital Securities Management) is capable of transforming the private markets, unifying an increasingly fragmented space under a common infrastructure that can automate manual processes, reduce costs and risks, and open up more opportunities for investors.” – Jennifer Peve, Managing Director, Head of Strategy and Business Development at the DTCC.
Here’s the kicker: at launch, this new platform will leverage the Public Ethereum Network.
Meanwhile, crypto Twitter is asleep at the wheel on this. Too busy telling folks to “HFSP” I guess?
Investors are demanding liquidity in private markets. The infrastructure and plumbing is being built. And the end state will be the trading of highly liquid private market assets (e.g. commercial real estate) in secondary markets.
Inveniam sits at the base layer of this infrastructure.