Project Ion (DTCC)
programMoney & Finance
The company that quietly settles nearly all US stock trades is absorbing blockchain tech into its own core — not being replaced by it.
Who they are
Project Ion, a blockchain-based settlement platform run by the DTCC.
What they do
The engine treats it as proof the DTCC is folding new ledger technology into its existing dominance.
How it works
Built on R3 Corda, it processes 160,000+ bilateral equity transactions on peak days with instant (T+0) netted settlement, and it aligns with the ISO 20022 messaging standard, targeting full migration by late 2027.
Why it matters
The engine's point (tied to Report #72) is that the DTCC is not being bypassed by blockchain — it's swallowing it into the heart of US stock settlement.
The engine's record — word for word
DTCC parallel-production DLT settlement platform built on R3 Corda. Processes 160,000+ bilateral equity transactions on peak days with T+0 netted settlement capability. Aligned with ISO 20022 — full migration go-live target late 2027. Confirms DTCC apex entity (Report #72) is absorbing DLT into its core US equities settlement substrate, not being bypassed.
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