Narwhal Tacos on Nostr: And one of the first things DTCC lobbied to implement was doing away with “bearer ...

And one of the first things DTCC lobbied to implement was doing away with “bearer bonds” and the issuance of physical stock certificates - which effectively allowed Individual investors to take personal custody of their assets.

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Did you know?

At the center of the global financial system is a priviate company called the Depository Trust & Clearing Corporation (DTCC).

In 2023, DTCC’s subsidiaries processed securities transactions valued at U.S. $3 quadrillion (not a typo) and its depository subsidiary provides custody for securities issues from over 150 countries and territories valued at U.S. $85 trillion.

The DTCC was founded in 1973 by William T. Dentzer, a former CIA operative and the Special Assistant to the first head of USAID.