Today the Chamber of Digital Commerce (“Chamber”) announces the appointment of Mark Wetjen of The Depository Trust & Clearing Corporation (“DTCC”) to its Board of Advisors.
In addition, DTCC has joined the Chamber’s Executive Committee. Mr. Wetjen currently serves as the Head of Global Public Policy at the DTCC, the world’s leading post-trade market infrastructure for the global financial services industry, processing nearly $1.5 quadrillion worth of securities transactions in 2015. Prior to DTCC, Mr. Wetjen served as Commissioner at the U.S. Commodity and Futures Trading Commission (CFTC).
“New technologies are creating tremendous opportunities to connect economies around the world, make markets safer and more efficient and deliver services to consumers in novel ways. In particular, distributed ledger technology offers the industry a unique opportunity to drive targeted improvements to the financial market infrastructures that underpin the global capital market,” said Mark Wetjen. “I am pleased to join the Chamber and look forward to collaborating with the industry around fintech and blockchain strategies, which will be important to any future re-architecting of the post-trade environment.”
DTCC has a focused blockchain strategy to ensure the firm capitalizes on distributed ledger opportunities in a measured, appropriate, safe and secure manner. DTCC has made significant advancements with a number of internal business use cases and is currently working on several proof of concepts with the industry, including initiatives related to repurchase agreements (repos) and credit default swaps (CDS).
“We are excited to have Mark bring his vast experience and knowledge of financial markets and technology to our association and the Board of Advisors. Mark and the Board will help to shape the next chapter of financial services technology,” said Perianne Boring, Founder and President of the Chamber.
The Chamber represents the world’s leading innovators, operators and investors in the digital asset and blockchain technology ecosystem, including start-ups, software companies, global IT consultancies, financial institutions and investment firms. Membership is open to all those committed to supporting and growing this thriving community.