New money
I wrote last week about the Depository Trust & Clearing Corporation and the digitized, blockchain-y platform it’s building for post-trade processing and custody, highlighting a story our Penny Crosman wrote. One aspect of this platform, I’d pointed out, is that it was focused on only one part of a trade, the post part. I spent a little time talking about a crypto startup called INX that never took off but had a good idea: an exchange that would host every part of a trade, all the way from stock formation through the offer, sale and custody.

Processing Content

Lo and behold, it didn’t take long to come across a firm that is working on the other end, and it’s Citi. As Penny reported on Monday, Citi launched a capital-raising…