Add-on Acquisition • Financial Services

The Depository Trust & Clearing Acquires Securrency

On October 19, 2023, The Depository Trust & Clearing acquired financial services company Securrency

Acquisition Context
  • This is The Depository Trust & Clearing’s 1st transaction in the Financial Services sector.
  • This is The Depository Trust & Clearing’s 2nd transaction in the United States.
  • This is The Depository Trust & Clearing’s 1st transaction in Maryland.

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M&A Deal Summary

Date October 19, 2023
Target Securrency
Sector Financial Services
Buyer(s) The Depository Trust & Clearing
Deal Type Add-on Acquisition

Target Company

Securrency

Annapolis, Maryland, United States
Securrency is an institutional-grade digital asset infrastructure provider that offers groundbreaking solutions to market participants in order to facilitate the trading, settlement and servicing of digital securities and assets. Securrency was founded in 2015 and is based in Annapolis, Maryland.
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Buyer Overview 1

Buyer

The Depository Trust & Clearing

New York, New York, United States

Category Company
Sector Financial Services
DESCRIPTION

DTCC, through its subsidiaries, advances industry-leading solutions that help secure and shape the future growth and development of the global financial marketplace.


Deal Context for Buyer #
Overall 2 of 2
Sector: Financial Services 1 of 1
Type: Add-on Acquisition 2 of 2
State: Maryland 1 of 1
Country: United States 2 of 2
Year: 2023 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-06 Clarient Global

New York, New York, United States

Clarient Entity Hub acts as a central hub for investment managers, hedge funds, and corporations to upload, securely store, maintain and permission use of legal entity level information, documentation and ownership information. It integrates technology and operational expertise to provide increased controls, standardization, data quality and transparency during client on-boarding and ongoing client lifecycle activities. Clarient was established in response to the industry’s call to reduce operational complexity and to address regulatory requirements including Know Your Customer (KYC), Foreign Account Tax Compliance Act (FATCA), European Market Infrastructure Regulation (EMIR), and Dodd-Frank requirements.

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