Securrency

Securrency operates at the intersection of financial and regulatory technology, providing blockchain-based infrastructure for institutional-grade digital asset marketplaces. Founded in 2015 by Dan Doney, John Hensel, and Ron Poe, the company was established to address the complexities of asset tokenization and global liquidity. A significant milestone was its acquisition in October 2023 by The Depository Trust & Clearing Corporation (DTCC) for $50 million, after which it was rebranded as DTCC Digital Assets.

The founders brought extensive experience from national security and technology sectors. Dan Doney, who serves as CTO of DTCC Digital Assets, previously acted as the first Chief Innovation Officer for the U.S. Defense Intelligence Agency and is a recognized expert in AI, blockchain, and cybersecurity. His background includes service as a nuclear submarine officer and degrees from the U.S. Naval Academy and MIT. Co-founder John Hensel served for over two decades in the U.S. Navy as an aviator and program manager before co-founding Securrency, where he held COO and CRO roles. His transition from military service was driven by a desire to continue working with a high-caliber team dedicated to a common purpose.

The firm's core business revolves around enabling the tokenization of assets for clients such as broker-dealers, issuers, and alternative trading systems. Its business model involves licensing its technology to financial institutions. One key client, WisdomTree, utilizes Securrency's software for its WisdomTree Prime offering, which provides tokenized assets to retail investors. Securrency's patented Compliance Aware Token® Framework is a central component of its product suite. This technology embeds regulatory and transactional rules directly into digital tokens, ensuring that they remain compliant across various jurisdictions and blockchain networks like Ethereum and Stellar. This framework is designed to be DLT-agnostic, promoting interoperability between different systems. The company's offerings, now part of the ComposerX suite under DTCC, include tools for the complete lifecycle management of digital assets, from issuance and distribution to servicing and reporting.

Prior to its acquisition, Securrency had raised a total of $49.5 million in funding through Series A and B rounds, with notable investors including WisdomTree, State Street, and U.S. Bank. The company also established an international presence, including a subsidiary in Abu Dhabi regulated by the Financial Services Regulatory Authority (FSRA).

Keywords: digital asset infrastructure, tokenization, compliance aware token, blockchain financial services, regtech, fintech, global liquidity, DTCC Digital Assets, institutional DeFi, security tokens, asset lifecycle management, interoperability, Dan Doney, John Hensel, capital markets technology, digital securities, financial infrastructure, regulatory compliance, blockchain interoperability, asset management technology