The article talks about the recent launch of the Depository Trust & Clearing Corporation’s (DTCC) Trade Information Warehouse (TIW) on a cloud-based platform and the shift towards cloud-based solutions, which are being preferred over blockchain or distributed ledger technology (DLT) options in the financial services industry. The article highlights the advantages of cloud-based solutions such as scalability, cost-effectiveness, and efficiency compared to blockchain/DLT. It also provides insights into how cloud-based solutions are shaping the future of the financial services industry.
