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DTCC’s TIW Project Reprint Goes Live with DLT Functionality, But Customers Remain Uninterested

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On March 11, the reprint of the Transaction Information Warehouse (TIW) project of the American Depository Trust and Clearing Corporation (DTCC) was launched i…

DTCCs TIW Project Reprint Goes Live with DLT Functionality, But Customers Remain Uninterested

On March 11, the reprint of the Transaction Information Warehouse (TIW) project of the American Depository Trust and Clearing Corporation (DTCC) was launched in October 2022. The service has been delivered on cloud technology and supports distributed ledger technology (DLT) function at the access layer. However, it seems that no customer is interested in connecting through the latter.

The blockchain access function of the US DTCC transaction information database is “no one cares”

Analysis based on this information:


On March 11, 2022, the American Depository Trust and Clearing Corporation (DTCC) launched the reprint of its Transaction Information Warehouse (TIW) project, which includes support for distributed ledger technology (DLT) functionality at the access layer. The service has been built on cloud technology and is expected to offer improved data accuracy, enhanced security, and streamlined transaction processing for participants. However, despite the touted benefits, the DTCC has reportedly encountered a roadblock in the form of customer adoption. It appears that no one is interested in connecting through the DLT layer.

The TIW project was first launched in 2002 and has since become an integral part of the DTCC’s efforts to standardize and centralize trade lifecycle events across the US capital markets. The service aims to provide a single source of data for post-trade processing, including trade matching, settlement, and reporting of corporate actions. By leveraging cloud technology, the DTCC can offer greater scalability, faster processing times, and lower costs for users while maintaining the high level of security and resilience required for the financial industry.

The inclusion of DLT functionality is a significant development for the TIW project, given the growing interest in blockchain technology as a means of improving efficiency and reducing risk in financial transactions. However, despite the potential benefits, it appears that customers are hesitant to utilize this feature. It is unclear why this is the case, but it could be due to the fact that DLT, while promising, is still a relatively new and untested technology. Additionally, customers may be wary of the potential regulatory and legal implications of using DLT, especially for transactions that involve sensitive data or large sums of money.

Overall, the launch of the TIW project with DLT functionality represents a major milestone for the DTCC and the financial industry as a whole. However, the lack of customer adoption is a reminder that new technologies can take time to gain traction, even if they offer compelling benefits. While it remains to be seen whether DLT will become a more integral part of the TIW project in the future, its inclusion marks a step forward in the continued evolution of financial infrastructure and underscores the importance of innovation and collaboration in the industry.

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