โThis new initiative represents the essence of innovation โฆ we should expect digital transformation to reshape markets and market structure in the coming years,โ DTCC Managing Director Jennifer Peve said in a statement, referring to a program carried out with the nonprofit Digital Dollar Project and major banks such as Citigroup (C), Bank of America (BAC) and State Street (STT) to test the use of a digital dollar in financial markets.
Digital Dollar Could Streamline Settlements, DTCC Says
