Latest news with #DTCC
Yahoo
15-07-2025
- Business
- Yahoo
Rakovina Therapeutics Granted DTC Eligibility to Expand U.S. Investor Access
VANCOUVER, British Columbia, July 15, 2025 (GLOBE NEWSWIRE) -- Rakovina Therapeutics Inc. ('Rakovina' or the 'Company') (TSX-V: RKV) (FSE: 7JO0), a biopharmaceutical company advancing next-generation cancer therapies through artificial intelligence (AI)-powered drug discovery, is pleased to announce that its shares are now eligible for electronic clearing and settlement through The Depository Trust Company (DTC). DTC eligibility streamlines the process for U.S. investors to trade Rakovina shares, enhancing liquidity and broadening market accessibility. DTC is a subsidiary of the Depository Trust & Clearing Corporation (DTCC), the largest securities depository in the world, providing settlement services to major U.S. stock exchanges. 'Achieving DTC eligibility is a meaningful step forward in increasing Rakovina's visibility and accessibility to a broader base of institutional and retail investors,' said Jeffrey Bacha, Executive Chairman of Rakovina Therapeutics. 'It removes a key barrier to efficient trading in the U.S., enhances liquidity, and establishes the foundation for deeper engagement with U.S. capital markets as we continue to execute our growth strategy.' Supporting Strategic Growth and Shareholder Value The designation eliminates previous barriers to entry for U.S. investors by enabling Rakovina shares to be traded electronically, reducing costs and processing times. This development supports the company's broader strategy to increase market participation and deliver long-term value to shareholders. The DTC announcement comes as Rakovina continues to advance its preclinical programs and explore strategic partnerships in AI-enhanced diagnostics and oncology therapeutics. Additional corporate developments are expected in the coming months as the company builds on its momentum and executes on its strategic roadmap. About Rakovina Therapeutics Therapeutics is a biopharmaceutical research company focused on the development of innovative cancer treatments. Our work is based on unique technologies for targeting the DNA-damage response powered by Artificial Intelligence (AI) using the proprietary Deep-Docking™ and Enki™ platforms. By using AI, we can review and optimize drug candidates at a much greater pace than ever before. The Company has established a pipeline of distinctive DNA-damage response inhibitors with the goal of advancing one or more drug candidates into human clinical trials in collaboration with pharmaceutical partners. Further information may be found at Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. Notice Regarding Rakovina Therapeutics Forward-Looking Statements: This release includes forward-looking statements regarding the company and its respective business, which may include, but is not limited to, statements with respect to the proposed business plan of the company and other statements. Often, but not always, forward-looking statements can be identified by the use of words such as 'plans,' 'is expected,' 'expects,' 'scheduled,' 'intends,' 'contemplates,' 'anticipates,' 'believes,' 'proposes' or variations (including negative variations) of such words and phrases, or state that certain actions, events, or results 'may,' 'could,' 'would,' 'might,' or 'will' be taken, occur, or be achieved. Such statements are based on the current expectations of the management of the company. The forward-looking events and circumstances discussed in this release may not occur by certain specified dates or at all and could differ materially as a result of known and unknown risk factors and uncertainties affecting the company, including risks regarding the medical device industry, economic factors, regulatory factors, the equity markets generally, and risks associated with growth and competition. Although the company has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events, or results to differ from those anticipated, estimated, or intended. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made, and the company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. The reader is referred to the company's most recent filings on SEDAR+ for a more complete discussion of all applicable risk factors and their potential effects, copies of which may be accessed through the company's profile page at For Further Information Contact: Michelle Seltenrich, BSc MBA Director, Corporate Development IR@ 778-773-5432Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Coin Geek
26-06-2025
- Business
- Coin Geek
$2.5 quadrillion clearing giant DTCC explores stablecoin
Getting your Trinity Audio player ready... The Depository Trust & Clearing Corporation (DTCC), one of the world's largest transaction processors, is exploring a stablecoin to keep up with rising blockchain adoption in finance. A New Jersey-based financial infrastructure company source told The Information that it has been weighing a U.S. dollar-backed stablecoin for faster and cheaper trade settlements. It also believes they could ease the movement of assets across the various markets it operates. In a separate statement to The Block, a spokesperson for the company confirmed the stablecoin venture, describing it as part of its mission 'to protect and advance the global financial markets.' '…we are monitoring policy developments in the U.S. Congress and regulatory agencies, and will continue to assess our options, including the potential of issuing a DTCC stablecoin, if needed, to support the industry's increasing adoption of blockchain technology for use in financial transactions,' the spokesperson said. DTCC is the world's largest clearing and settlement company, serving all major U.S. exchanges and broker-dealers. Together with all its subsidiaries, it processes over $2.5 quadrillion annually, making it one of the key cogs of the global financial plumbing. Just days before the reports, DTCC published a blog post noting that institutional stablecoins and tokenized money market funds are reshaping liquidity in financial markets. '…it is evident that stablecoins are here to stay and will impact not only payments but broader capital markets,' it said, further describing stablecoins as 'a critical component of the evolving capital markets landscape.' However, it acknowledged that stablecoins will only become part of the financial system if regulators implement enabling policies. It singled out the ongoing legal clarifications by U.S. lawmakers and the European Central Bank's (ECB) stablecoin frameworks as some key initiatives that will shape global regulations. It also hailed Bermuda's licensing of recently IPO'd stablecoin issuer Circle (NASDAQ: CRCL). Days before it confirmed its stablecoin plans, DTCC announced a new partnership with Fnality that will integrate the latter's on-chain settlements system into the clearinghouse's digital asset platform. Fnality is a startup backed by major financial players, including the DTCC, Goldman Sachs (NASDAQ: GS), Nasdaq, MUFG (NASDAQ: MBFJF), UBS (NASDAQ: UBS) and more. It provides an on-chain payment system for wholesale financial markets, replacing the slow and inefficient interbank settlement rails. Under the new partnership, the two will enable clients to automatically transfer assets in real time while also eliminating the need for fragmented liquidity accounts. DTCC joins a bevy of financial industry giants targeting stablecoins as the sector records parabolic growth. This week, American fintech giant Fiserv (NASDAQ: FI) launched FIUSD, its new stablecoin, which will be available to over 10,000 financial institutions and over five million merchants. FIUSD is built on stablecoin infrastructure from Paxos and Circle. Earlier this month, it was revealed that Walmart (NASDAQ: WMT) and Amazon (NASDAQ: AMZN) were exploring launching their own stablecoins. The two are the biggest U.S. retailers and, combined, account for over $1.1 trillion in annual revenue. Bermuda's government stablecoin push continues Elsewhere, the island territory of Bermuda continues to warm up to stablecoins. This time, the government has backed an event with a stablecoin airdrop for the attendees. During the Bermuda Digital Finance Forum, attendees who downloaded a digital wallet developed by Coinbase (NASDAQ: COIN) received $100 worth of USDC that they could use to pay for food and drinks at the event. 'We want Bermudians to be part of this growing industry,' Premier David Burt said in a follow-up statement. The government has been working toward making digital finance more accessible, and the event offered the attendees the opportunity to 'experience what the future of money looks like,' he added. Bermuda is a British Overseas Territory in the North Atlantic Ocean with 65,000 residents. Its $8 billion GDP relies almost fully on international businesses, mainly in finance, which set up operations on the island. One of these is Circle, the USDC issuer; after acquiring tokenization platform Hashnote earlier this year, Circle moved it to Bermuda to capitalize on the island's friendly licensing. 'Bermuda is a global gold standard in regulation,' Circle President Heath Tarbert stated as he revealed he would be moving Hashnote from the Cayman Islands. Hashnote operates one of the largest tokenized money market funds, with assets under management hitting $1 billion earlier this year. Watch | Centi: Bridging digital money and traditional banking title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen="">
Finextra
02-06-2025
- Business
- Finextra
DTCC appoints Laura Deaner as chief information security officer
The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced the appointment of Laura Deaner as Chief Information Security Officer (CISO), reporting to Lynn Bishop, Chief Information Officer. 6 Deaner will be responsible for managing DTCC's enterprise-wide cyber strategies to protect the firm's information and systems as well as designing and enhancing the organization's information and cybersecurity programs and roadmaps to support DTCC business and resiliency efforts. In addition, she will continue to ensure that cyber resilience is incorporated into strategic firm initiatives, including product and technology deployments, AI-fueled innovation and cloud adoption. Deaner brings more than 25 years of leadership and expertise in information security management to DTCC, including serving the last 12 years as CISO at Northwestern Mutual, S&P Global and, before that, PR Newswire. In each of these endeavors, Deaner led major cybersecurity transformation initiatives, bringing innovative approaches, new security practices and novel security architecture and governing practices, which produced measurable increases in program maturity. Prior to that, Deaner served in roles of increasing responsibility at Morgan Stanley, JP Morgan Chase and Citigroup. Deaner has served as a Board Member with the Financial Services Information Sharing Analysis Center (FS-ISAC) since 2022 and is a NYU Tandon Cyber Fellows Advisory Council member. 'As we continue to strengthen our technology infrastructure to protect against cyber-threats, Laura's expertise and leadership will enable us to drive a more holistic program to further upgrade our defense capabilities,' said Bishop. 'Her deep experience as a CISO will be critical as we continue to implement innovative strategies and leverage new technologies to enhance our security operations and safeguard the global markets and our clients.' Deaner said, 'DTCC plays a vital role in safeguarding the global financial system, and I'm proud to contribute to that mission by advancing a resilient, adaptive and risk-aligned cybersecurity posture. This work is deeply collaborative, and I'm looking forward to partnering closely across teams to protect what matters most: trust, stability and market integrity.'
Bloomberg
02-06-2025
- Business
- Bloomberg
Taiwan Dollar Option Trade Slump Lifts Insurers' Hedging Costs
Gyrations in the Taiwanese dollar have dented appetite for trading its derivatives in offshore markets, making it costlier for the island's insurers to hedge their massive dollar assets. Weekly derivatives transactions involving the currency slumped to the lowest since at least 2021 for this time of the year, according to one measure using data from DTCC Data Repository Singapore.
Time of India
25-05-2025
- Health
- Time of India
Saran schools join tobacco awareness drive
Chhapra: The health department has launched an awareness campaign in schools in various blocks to educate students and teachers about the harmful effects of tobacco use. The initiative will culminate on May 31, observed as 'World No Tobacco Day'. As part of the campaign, expert speakers have been informing students and teachers about the range of diseases and psychological issues linked to tobacco consumption. They have also outlined practical methods to help individuals avoid or quit the habit. At one such programme held at the health and wellness centre in Shiltalpur Dih Basti Jalal under Dighwara block, speakers stressed the importance of referring chronic users to the District Tobacco Control Committee (DTCC) for proper counselling and treatment. Expressing concern over the rising number of tobacco users, Saran civil surgeon Dr Sagar Dulal Sinha said, "This can be controlled only through proper awareness, counselling and self-commitment." Non-communicable disease officer Dr Bhupendra Kumar, speaking at the Basti Jalal session, warned of the serious health risks associated with tobacco use. "There is a growing threat of oral, lung and abdominal cancers due to tobacco," he said.
