Full-Time
Global post-trade market infrastructure provider
$95k - $180k/yr
Tampa, FL, USA + 2 more
More locations: Dallas, TX, USA | New York, NY, USA
Hybrid
Three days on-site per week required.
Bachelor's
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DTCC is a centralized post-trade market infrastructure for the global financial services industry. It automates, centralizes, and standardizes the processing of financial transactions across asset classes, handling clearing, settlement, asset servicing, trade reporting, and data services. Its network spans 21 locations worldwide, serving thousands of broker/dealers, custodian banks, and asset managers, with industry ownership and governance that aims to reduce risk, increase transparency, and improve efficiency. The company operates through subsidiaries that process large-scale securities transactions ( trillions of dollars in value) and provides custody and asset servicing for issues from over 150 countries. Its Global Trade Repository processes billions of messages annually. DTCC's goal is to simplify market operations, enhance resilience, and support the broader move toward digital assets, while maintaining soundness and reliability for existing financial markets.
Company Size
1,001-5,000
Company Stage
N/A
Total Funding
N/A
Headquarters
New York City, New York
Founded
1973
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Health Insurance
Life Insurance
401(k) Retirement Plan
Unlimited Paid Time Off
Hybrid Work Options
DOL guidance states ERISA inapplicable to most employer Trump Account contributions. * Hall Benefits Law, LLC * August 7, 2026 The U.S. Department of Labor (DOL) has issued guidance stating that most employer contributions to the newly created children's "Trump Accounts," or 530A accounts, will not trigger application of the Employee Retirement Income Security Act (ERISA). Businesses and benefits professionals had asked whether the federal pension law would apply to employer contributions to the 530A accounts ahead of the U.S. Department of the Treasury's July 4th rollout. According to the DOL, Trump Accounts are not considered employee pension benefit plans under ERISA, so long as employers meet certain conditions. The guidance is welcome news for employers considering whether to offer Trump Account contributions as an employee benefit. Trump Accounts are designed as a type of traditional individual retirement account, but they have various governing rules that apply until a beneficiary reaches adulthood at age 18. These rules include set restrictions on investments, withdrawals, and contributions. Beginning July 4, 2026, eligible adults can contribute up to $5,000 per year to Trump Accounts for eligible children during their first 19 years of life. The program also provides for a one-time $1,000 federal contribution for eligible children born between 2025 and 2028 for individuals who establish Trump accounts and make the required elections. Employers may also contribute up to $2,500 per year to the accounts, with a limit of $5,000 per year for nonfederal contributions. Additionally, state, local, and tribal governments as well as charities can contribute to Trump Accounts. Furthermore, account funds may be invested only in low-cost diversified U.S. stock index funds. With limited exceptions, withdrawals are prohibited during the beneficiary's childhood. Once the beneficiary becomes an adult, the account largely becomes governed by traditional IRA rules in terms of taxes on withdrawals and eligibility for exceptions to the 10% early-withdrawal penalty. Although the 2025 budget reconciliation law, also known as the One Big Beautiful Bill Act, authorized Trump Accounts, it did not state whether those accounts fell under ERISA. After reviewing the law, the DOL has concluded that Trump Accounts do not qualify as employee pension plans governed by ERISA. The primary reason for the DOL's conclusion is that the account funds belong to the child beneficiary, not the employee. The DOL guidance also addresses the relatively rare circumstance in which the account beneficiary is a child who is also an employee. In that situation, DOL advises that ERISA still does not govern the account if the employer maintains a limited role with respect to the account. More specifically, the employer must not: * control the accounts or investments; * impose restrictions other than those required by law; * advertise the accounts as employer-sponsored retirement plans; and * receive any compensation related to the accounts. The Depository Trust and Clearing Corporation also announced technical updates to its account transfer system to accommodate Trump Accounts. HBL has experience in all areas of benefits and employment law, offering a comprehensive solution to all your business benefits and HR/employment needs. Hall Benefits Law help ensure you are in compliance with the complex requirements of ERISA and the IRS code, as well as those laws that impact you and your employees. Together, Hall Benefits Law reduce your exposure to potential legal or financial penalties. Learn more by calling 470-571-1007. Search. Are you an attorney? Let's talk! Request your free book. Case Studies in ERISA: Why It Matters And How It Benefits You, A Plan Sponsor's Guide To Employee Benefits Legal Compliance
BlackRock, Mastercard, Visa, SBI Group, stanchar & others named Circle's Arc validators. 2 hrs ago Updated 2 hrs ago Highlights * Circle Internet Group to launch Arc Layer-1 blockchain mainnet on September 16. * Circle names BlackRock, Mastercard, Visa among founding validator group. * CRCL stock jumps despite reporting mixed Q2 financial results. USDC stablecoin issuer Circle Internet Group has confirmed September 16 as the mainnet launch date for its Arc Layer-1 blockchain. The firm also announced BlackRock, Visa, Mastercard, Goldman Sachs, SBI Group, and others as founding validators. Circle names BlackRock, Mastercard, Visa among founding validator group. Circle Internet Group announced the founding validator cohort for stablecoin-native Arc Layer-1 blockchain on August 5. Arc aims to meet the trust, security, operational, and compliance standards required of critical financial market infrastructure. BlackRock, The Depository Trust & Clearing Corporation (DTCC), Galaxy, Global Payments, ICE, Mastercard, MoneyGram, SBI Group, Standard Chartered, Sumitomo Corporation, and Visa are named as founding validators. BlackRock is expected to deploy its BUIDL fund (BlackRock USD Institutional Digital Liquidity Fund) on Arc. This will allow institutional investors to subscribe, redeem, and deploy fund assets in a single onchain environment. "Purpose-built rails like Arc can support faster settlement, improved collateral mobility, and broader institutional adoption of digital assets, said Robert Mitchnick, Global Head of Digital Assets at BlackRock. Moreover, Circle is also partnering with DTCC to enable tokenization of DTC-custodied assets on Arc beginning in the second half of 2027. Other financial giants such as BNY and Standard Chartered are also exploring integrations with the network for tokenized asset settlement, digital asset custody, stablecoin access, and FX and repo infrastructure. As traditional financial institutions migrate capital on-chain, compare RWA tokenization issuers to choose the right partners. Arc set for mainnet launch on September 16. Circle also announced September 18 as the date for Arc public mainnet launch. Currently, the Layer-1 blockchain for financial industry is in private mainnet, with more than 100 ecosystem and institutional builders, including BlackRock. Arc aims to meet the trust, security, operational, and compliance standards required of critical financial market infrastructure. USDC captured nearly 70% of stablecoin transaction volume in June, according to Visa Onchain Analytics. In addition, Circle released its Q2 financial results today. The USDC issuer reported $701.3 million in revenue, below the $712.3 million expected. Also, the EPS of $0.18, which beat consensus estimates of $0.16. It also minted just $83 billion in USDC, below the $88.8 billion forecast. Despite the mixed report, CRCL stock price has jumped more than 1% to around $64 in premarket trading today. The stock closed 4.81% higher at $63.25 on Tuesday, with a high of $64.36. Morgan Stanley downgraded Circle Internet Group from 'equalweight' to 'underweight'. Wall Street giant also cut the price target from $106 to $38. Meanwhile, JPMorgan maintains an overweight rating and a $120 price target on Circle. Investment disclaimer: The content reflects the author's personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses. Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over its editorial content. Why Trust CoinGape * Latest * / * Trending
The Depository Trust & Clearing Corporation launched a live tokenization pilot on 15 July with nearly 40 financial institutions, including BlackRock, Vanguard, JPMorgan, Goldman Sachs, and the New York Stock Exchange. The trial tokenises Microsoft shares, QQQ and SPY ETFs, and US Treasuries. DTCC, which safeguards over $114 trillion in securities, plans to launch its commercial Tokenization Service in October. Unlike wrapped tokens on public blockchains, DTCC's digital assets remain fully backed by securities held in custody, giving holders identical legal ownership, dividend, and voting rights. Participants tested equity trades, Treasury transactions, repo operations, and delivery-versus-payment settlement using tokenised assets. The transactions were executed across DTCC's private Hyperledger Besu infrastructure and the Canton Network.
DTCC processes $4 quadrillion in annual settlements, says blockchain can't handle volume. Thursday, july 16, 2026. Four quadrillion dollars. Written out, that's $4,000,000,000,000,000. For context, global GDP is somewhere in the $100 trillion range. DTCC moves that much mone * DTCC, a major financial infrastructure provider, processes $4.7 quadrillion annually and states current blockchain technology cannot handle such volumes. * DTCC is developing a hybrid model, integrating tokenized securities (stocks, ETFs, US Treasuries) with traditional infrastructure, and plans a full launch in October 2026. * A strategic partnership with Stellar blockchain is planned for 2027, signaling a multi-chain approach to asset tokenization and improved post-trade efficiency. Topics: Infrastructure providers, Blockchain usage, Institutional adoption, Major financial incumbents, Private enterprise ledgers, Banking depository pilots
The DTCC has processed its first live trades using tokenized stocks, ETFs, and US Treasuries, marking what it calls the largest tokenisation production initiative to date. Over 30 firms participated, including BlackRock, JPMorgan, Goldman Sachs, Vanguard, Nasdaq, and the NYSE. The service converts securities held by DTC into on-chain "digital twins" that retain identical ownership, dividend, and governance rights, and can be converted back to traditional form. Trades settled on Hyperledger Besu and Canton networks. The transactions covered collateral pledges, securities lending, Treasury repo, and equity trades. JPMorgan tokenised QQQ holdings to satisfy CME margin requirements, whilst assets like Microsoft shares, SPY, and various Treasuries were also tokenised. The full DTCC Tokenisation Service launches in October 2026.