Summer 2027
Data Solutions Intern
Internship Program
Posted on 8/25/2026
DTCC
1,001-5,000 employees
Global post-trade market infrastructure provider
Compensation Overview
$27 - $40/hr
No H1B Sponsorship
Boston, MA, USA + 1 more
More locations: Tampa, FL, USA
Hybrid
Three days on-site and two days remote per week, based on the team schedule.
Bachelor's
 Data & Analytics (2) |
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- Currently pursuing a bachelor's degree in Business, Economics, Finance, Data Analytics, Management Information Systems, Information Systems, or a related field.
- Expected graduation date is Spring 2028.
- Minimum GPA of 3.2.
- Authorization to work permanently in the United States without current or future sponsorship.
- Strong communication, organization, and follow-through.
- Analytical thinking and attention to detail.
- Ability to use feedback and adapt while learning.
- Collaboration, professionalism, and accountability.
- Perform data and process analysis to identify trends, gaps, requirements, and opportunities to improve data quality, efficiency, or usability.
- Help document data-related business requirements in collaboration with business, functional, and technology stakeholders to support data modernization and data quality monitoring.
- Support master and reference data, data stewardship, reporting, or data governance activities to help ensure business data is accurate, useful, and fit for purpose.
- Assist with organizing documentation, metrics, findings, and supporting materials used for reporting, analysis, presentations, or program updates.
- Contribute ideas to improve data processes, documentation, reporting, stakeholder communication, and the overall user experience for data consumers.
- Coursework, projects, prior work, internship, student organization, volunteer, or leadership experience related to the role.
- Interest in financial services, technology, operations, risk, data, business, or the specific business area.
- Interest in data management, data analytics, data quality, data governance, financial services, or technology-enabled business transformation.
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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Simplify's Take
What believers are saying
- July 15, 2026 live tokenized trades proved DTC assets work in production.
- October 2026 Tokenization Service launch opens Russell 1000 stocks, ETFs, and Treasuries.
- Circle plans DTC-custodied asset tokenization on Arc beginning second-half 2027.
What critics are saying
- JPMorgan, BlackRock, and Vanguard already test rival tokenization rails, compressing DTCC pricing power.
- October 2026 launch still depends on participant integration, volume, and operational stability.
- If Arc or DTC tokenization slips, banks route settlement to Canton or proprietary ledgers.
What makes DTCC unique
- DTCC clears $114 trillion and anchors ownership, voting rights, and custody.
- SEC no-action letter in December 2025 gives DTC tokenization a regulated launch path.
- Circle’s August 5, 2026 Arc partnership makes DTCC a cross-chain institutional bridge.
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Benefits
Health Insurance
Life Insurance
401(k) Retirement Plan
Unlimited Paid Time Off
Hybrid Work Options
Company News
Kaizen taps DTCC veteran to reshape reporting platform. August 26, 2026 Kaizen, a regulatory reporting assurance specialist relied upon by major financial institutions, has appointed Sam North as its new Chief Product Officer (CPO) as the firm looks to accelerate the next stage of its growth. North arrives at Kaizen after more than 15 years at DTCC, where he most recently held the role of Executive Director, Product Management. His background spans regulatory reporting, post-trade services and product development, alongside experience in digital transformation and the deployment of artificial intelligence across financial services. In his new role, North will take charge of Kaizen's product strategy and roadmap. His focus will centre on increasing client value and adoption as the business works towards a more connected and scalable platform. Kaizen has built its reputation on the strength and rigour of its regulatory reporting assurance services. The company's broader ambition is to make those capabilities more accessible and actionable through technology, giving clients clearer visibility into their reporting and a faster route to investigating and resolving issues. Beyond his product management background, North's experience in applying AI within financial services is expected to support Kaizen's efforts to evolve its platform and improve how clients interact with the insights it generates. Michael Leach, CEO of Kaizen, said, "Sam brings an exceptional combination of deep regulatory reporting knowledge, extensive product experience and a strong understanding of the challenges our clients face." Michael Leach, CEO of Kaizen, said, "His appointment comes at an important point in Kaizen's growth as we continue to scale our platform and make it easier for clients to understand and act on the insights our assurance provides." Michael Leach, CEO of Kaizen, said, "Sam's experience will be hugely valuable as we build on what Kaizen is already known for - deep expertise and rigorous regulatory reporting assurance - while continuing to evolve our platform and the experience we provide to clients. I'm delighted to welcome him to the team." Sam North, Chief Product Officer at Kaizen, said, "Kaizen has built a strong reputation for the quality of its regulatory reporting assurance and is trusted by many of the world's leading financial institutions. I'm excited to be joining at such an important point in its growth. "There is a significant opportunity to make those capabilities even more accessible and actionable through technology, giving clients greater visibility into their reporting and making it easier to investigate and resolve issues. "I'm looking forward to working with the team and with clients as we continue to develop the Kaizen platform and build on Kaizen's strong foundations."
Bitwise launches tokenized stock portfolios in partnership with Coinbase. 25 Aug, 2026 byDropsTab Join Its Socials Automated Token Portfolios (ATP) - model portfolios of tokenized U.S. stocks that can be managed automatically while keeping assets in your own non-custodial wallet. The key difference from traditional funds: assets are not pooled into a common fund and are not transferred under the control of a management company. Tokenized stocks remain in the user's wallet, and the portfolio composition is automatically rebalanced according to the Bitwise strategy. The number of Solana network transactions reached a record 4.2 billion amid SOL's growth. 25 Aug, 2026 byDropsTab Join Its Socials One of the growth factors has been tokenized real-world assets (RWA), whose market capitalization now exceeds $38 billion. DeFi infrastructure also plays an important role. As of early August, Jupiter processed about 71% of the DEX aggregation volume on the Solana network, although its share subsequently began to decline amid intensifying competition. +37% to the price of SOL over the past week LayerZero (ZRO), together with Citadel Securities and DTCC, will launch the institutional crypto exchange ATLAS this fall. 25 Aug, 2026 byDropsTab Join Its Socials ATLAS will not have a consumer application; it will become the underlying infrastructure for trading assets on the blockchain for institutional clients. Coinbase has launched tokenized stocks on Base. Trading is available 24/7, and liquidity has already appeared on Aerodrome (AERO). 25 Aug, 2026 byDropsTab Join Its Socials Coinbase has launched tokenized shares of U.S. companies on the Base network. These shares are issued under the B20 standard and are backed by real shares held in a 1:1 ratio by the regulated broker and custodian Alpaca. Users outside the U.S. in supported jurisdictions will be able to hold and trade fractional shares of stocks, including Apple and NVIDIA, directly through non-custodial wallets. Trading is available 24/7, and liquidity has already appeared on Aerodrome. The tokenized shares can also be used in Base's DeFi protocols - for example, as collateral for loans via Aave or to provide liquidity on DEXs. B20 is based on ERC-20 and is compatible with existing wallets and DeFi infrastructure. Dividends and stock splits are accounted for via a special on-chain mechanism without changing the number of tokens on the balance. Base announced that in the coming weeks, Coinbase's list of available tokenized shares will be expanded, and later, other RWA assets are planned to be added to the network. Arthur hayes' new essay, "same same but different": Bessent repeats Yellen's pattern - Bitcoin responds with a rise. 25 Aug, 2026 byDropsTab Join Its Socials The actions of the U.S. Treasury Department, led by Scott Bessent, are starting to resemble Janet Yellen's policy from late 2023, when an increase in short-term government bond issuance helped release about $2.4 trillion in liquidity. It was precisely this factor that supported the growth of Nasdaq and Bitcoin at the time. Now, Bessent is trying to curb the rise in long-term Treasury yields by increasing the volume of reverse repurchase agreements. On August 19, the Treasury announced additional buybacks totaling approximately $20 billion, after which the yield on 10-year bonds briefly declined, and Bitcoin saw a noticeable rally. However, this volume is insufficient, and the market may force the Treasury to expand its support. Three possible scenarios: * The Treasury and the White House cut spending - unlikely ahead of the election; * Bessent announces unlimited bond buybacks at yields above 5% (following the model of the Bank of Japan) - the best-case scenario for Bitcoin; * The most likely scenario is a gradual increase in buybacks combined with the use of other reserves, including the Treasury's account at the Federal Reserve (TGA, around $1 trillion). A direct interest rate cut or a new round of quantitative easing is unlikely until the AI infrastructure market bubble bursts. Maelstrom's position: The company holds maximum risk in its portfolio - betting on Bitcoin, Ether, Ethena, and Ether.fi. Mining Zcash (ZEC) is currently 4.5 times more profitable than mining Bitcoin (BTC). 24 Aug, 2026 byDropsTab Join Its Socials Against the backdrop of ZEC's growth, the profitability of Zcash mining has noticeably increased. Currently, the Antminer Z15 Pro generates about $727 in gross revenue per 1 MWh of electricity: * Zcash - $727 per 1 MWh. * AI/HPC computing - $223. * Bitcoin on the Antminer S23 Pro - $162. * Bitcoin on the Antminer S21 Pro - $103. In terms of gross revenue per unit of electricity, Zcash mining is now approximately 3.3 times more profitable than AI/HPC and 4.5 times more profitable than Bitcoin mining on the new-generation ASICs. As recently as late June, the Z15 Pro generated around $373 per 1 MWh. The main driver behind this increase was the rise in ZEC prices by roughly 70% over the past week. It's important to note that this refers specifically to gross revenue, excluding costs for equipment, maintenance, and electricity consumption. Join Stake 200% Bonus. Win $100k Daily. Play with Crypto, Enjoy Best VIP Club, Daily Bonuses, Instant Withdrawals.
ON THE MOVE: Jim Hraska rejoins Barclays; fasanara Capital names Chris Drew and Darran Specter. August 24, 2026 Jim Hraska has rejoined Barclays as their Global Head of Fixed Income Prime Brokerage, according to a LinkedIn post. Based in New York, Hraska returns to Barclays after nearly 10 years at The Depository Trust & Clearing Corporation (DTCC), where he held a series of senior roles spanning fixed income clearing, client solutions and consulting. He most recently served as Managing Director of Consulting Services at DTCC, a role he took on in March 2026. Previously, he was Managing Director and Head of Client Solutions and Managing Director and Head of Product Development at DTCC's Fixed Income Clearing Corporation. He also served as General Manager of the Fixed Income Clearing Corporation. Before joining DTCC, he spent nearly nine years at Barclays Investment Bank. Fasanara Capital has named Chris Drew as head of trading and Darran Specter as head of quant equity, Global Trading reported. Drew joins the company from Jump Trading's specialist company Jump Crypto, where he was most recently a director. Between 2023 and 2024, he was head of trading at the company. Earlier in his career, Drew was a multi-asset quantitative trader at Sun Trading. Specter has 21 years of industry experience and was most recently a senior portfolio specialist at Brevan Howard. More than a decade of his career has been spent at the Abu Dhabi Investment Authority, where he was an investment and portfolio manager. Barclays has announced that it will appoint Mike Joo and Adeel Khan as Co-CEOs of its Investment Bank with effect from February 2027, subject to regulatory approval. Joo will join in early 2027 from Bank of America, where he served most recently as Co-Head of Global Investment Banking. He joined Bank of America in 2006 and has held a range of senior leadership roles across Global Corporate and Investment Banking and Global Markets. Khan leads Global Markets and has served as Co-Head of the Investment Bank since 2021. Both Khan and Joo will sit on the Group Executive Committee. Transient.AI has appointed Michael Ponniah as Chief Technology Officer (CTO), according to a press release. Ponniah brings over two decades of experience across high-frequency trading technology on Wall Street and large-scale cloud services, AI, and logistics infrastructure at Amazon. In his role as CTO, Michael will lead Transient's global engineering, technical strategy, and platform architecture as the firm accelerates commercial adoption of its Declarative Agentic Framework across financial institutions. Fireblocks has appointed Elad Roisman as Chief Regulatory and Policy Officer and General Counsel, Regulatory, according to a press release. Roisman will lead Fireblocks' regulatory strategy and policy engagement, along with legal work on regulatory matters. He will also serve as Fireblocks' principal liaison to regulators and standards bodies as digital asset legislation and regulation takes shape across the United States, Europe, and other major markets. He joins the leadership team and is based in Washington, D.C. As an SEC Commissioner and Acting Chairman, Roisman voted on more than one hundred rulemakings and over one thousand enforcement actions, and represented the agency before Congress and international bodies. If you have a new job or promotion to report, let me know at [email protected]
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