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Clear Street Executes First Bitcoin Depositary Receipt Trades on Prime Brokerage Platform

By

Shanny Basar

3h ago· 3 min readenNews
financebusinesscryptocurrencydigital assets

Summary

Clear Street, a cloud-native financial infrastructure firm, has successfully executed the first Bitcoin Depositary Receipt (BTC DR) trades through a traditional prime brokerage platform for institutional clients UTXO Management and GTS. The BTC DRs were issued by Receipts Depositary Corporation (RDC), marking a milestone in integrating digital assets into conventional institutional workflows.

Source

bskyClear Street Executes First Bitcoin Depositary Receipt Trades on Prime Brokerage Platformmarketsmedia.com

Key quotes

· 3 pulled
Clear Street successfully executed Bitcoin Depositary Receipt (BTC DR) trades for institutional clients UTXO Management and GTS.
Receipts Depositary Corporation (RDC) is the Depositary for the Bitcoin DRs and issued the BTC DRs that were subsequently traded.
The transactions mark the first time BTC DRs have been traded through a traditional prime brokerage platform.
Snippet from the RSS feed
Bitcoin depositary receipts can be integrated into existing institutional workflows.

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