Bitcoin Technology’s Next Big Test: Trillion-Dollar Repo Market

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A bitcoin sits on tip of a collection of U.S. one dollar bills. DTCC pronounced Tuesday it will be contrast a practical currency’s blockchain focus on repo trades.
ENLARGE

Depository Trust Clearing Corp., a organisation during a core of Wall Street’s trade infrastructure, is about to give a record behind bitcoin a large test: saying either it can be used to accelerate a $2.6 trillion repo market.

DTCC pronounced in a matter Tuesday that it will start contrast an focus of blockchain, a digital bill creatively used to lane tenure and payments of a cryptocurrency bitcoin, to assistance well-spoken over problems in a essential though increasingly illiquid dilemma of short-term lending markets famous as repurchase agreements, or “repos.”

Repos play a vicious purpose in a financial complement by gripping money and bonds present among sidestep funds, investment banks and other financial firms.

DTCC, an industry-owned application that helps


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