Eric Wiesen

What DTCC's IBM Blockchain Transition 'Reimagining' Credit Derivatives Signifies

What DTCC's IBM Blockchain Transition 'Reimagining' Credit Derivatives Signifies

FORBES | On the heels of the announcement by the U.S. Depository Trust Clearing Corporation’s (DTCC) transitioning a central part of its financial infrastructure onto a blockchain, the premier post-trade market infrastructure for the global financial services industry that processes trillions of dollars, many are wondering what it means for the blockchain market’s future.

Eric Wiesen, a General Partner at early-stage, post-seed venture fund Bullpen Capital that invests in technology companies, says that although the “hurdle to adoption still remains high” the DTCC’s decision “validates the blockchain approach for core financial markets – not just fringe markets.”