What is DTCC? Here 👇
Imagine you buy a phone from a friend.
Instead of handing the phone directly, you both go to a huge, super-trusted warehouse.
The warehouse takes the phone from your friend and gives it to you, and keeps the official record that the phone now belongs to you.That warehouse for stocks, bonds, and almost all money investments in America is called DTCC.When you buy shares on Robinhood, Coinbase, or any bank → DTCC updates who owns them.
They handle hundreds of trillions of dollars every year.
Basically, DTCC is the "official scorekeeper" of who owns what on Wall Street.
Big news today:
DTCC just got permission from the government to start putting these ownership records on blockchain (like crypto technology).
This means in the future could make buying/selling stocks:Instant (not 2 days wait)
24/7
Even let you own tiny pieces of expensive things (like 0.001 share of a company)
So… the biggest "bank behind the banks" is officially joining the crypto world
