In this episode of The Scoop, Frank Chaparro and Ryan Todd interview Mike Bodson, CEO of DTCC. The Depository Trust & Clearing Corporation is a 5,000 person operation that touches every corner of Wall Street, handling 1.8 quadrillion dollars of trades every year, flipping the GDP every three days. DTCC also operates a custodial service, securing 54 trillion dollars worth of securities, mostly in electronic form. Mike discusses Wall Street’s adoption of distributed ledger technology, cryptocurrency valuations, and how Superstorm Sandy almost wiped out 35 trillion dollars.
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