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DTCC moving credit default swaps to blockchain by Q1'19

Depository Trust & Clearing Corp. is planning to move credit default swap clearing to the blockchain in the first quarter of 2019, the clearing and settlement services provider's Chief Technology Architect Robert Palatnick said in an interview.

If the transition goes well, other swap asset classes would follow, he told S&P Global Market Intelligence.

"There are over half a dozen other swap asset classes, so there are many different classes we're going to look to support," he said.

"We're also looking at our core processing, some of what we do in fixed income [and] in our equity model, and looking at opportunities to move that to distributed ledger," he added.

To read more from the interview, read our Q&A here.