DTCC 限制加密貨幣 ETF 作為清算系統的抵押品

美國存託信託和清算公司 (DTCC) 宣布，自 2024 年 4 月 30 日起，將不再接受以比特幣或加密貨幣敞口作為抵押品的交易所交易基金 (ETF)。這項決定是 DTCC 對其抵押品資格標準進行年度審查的一部分，並與其降低金融體系風險的目標保持一致。此舉不會影響經紀公司使用加密 ETF 作為貸款活動的抵押品，該活動受個人風險承受政策的約束。

DTCC Restricts ETFs with Cryptocurrency Exposure as Collateral in Clearing System

DTCC 限制 ETF 在清算系統中以加密貨幣作為抵押品

New York, April 28, 2024 - The Depository Trust and Clearing Corporation (DTCC), a pivotal provider of clearing and settlement services in global financial markets, has announced significant changes to its credit facility renewal process, impacting the use of exchange-traded funds (ETFs) with Bitcoin or cryptocurrency exposure as collateral.

紐約，2024 年 4 月 28 日 - 全球金融市場清算和結算服務的主要提供者美國存託信託和清算公司 (DTCC) 宣布對其信貸安排更新流程進行重大變更，影響交易所交易基金的使用（ETF ）以比特幣或加密貨幣作為抵押品。

Effective April 30, 2024, DTCC will no longer assign collateral value to ETFs that directly or indirectly have exposure to Bitcoin or other cryptocurrencies. This policy aligns with DTCC's prudent risk management approach and aims to mitigate potential risks associated with the volatility and speculative nature of cryptocurrency markets.

自 2024 年 4 月 30 日起，DTCC 將不再向直接或間接接觸比特幣或其他加密貨幣的 ETF 分配抵押品價值。該政策符合 DTCC 審慎的風險管理方法，旨在減輕與加密貨幣市場的波動性和投機性相關的潛在風險。

"As part of our annual credit facility renewal, we regularly review and adjust our collateral eligibility criteria to ensure we are in line with evolving market conditions and risks," stated a DTCC spokesperson. "This decision reflects our ongoing commitment to providing a safe and stable clearing system that supports the financial industry."

DTCC 發言人表示：“作為我們年度信貸額度更新的一部分，我們定期審查和調整我們的抵押品資格標準，以確保我們符合不斷變化的市場狀況和風險。” “這一決定反映了我們對提供支持金融業的安全和穩定的清算系統的持續承諾。”

The DTCC's decision solely affects inter-entity settlements within its credit system and does not impact the ability of brokerage firms to utilize cryptocurrency ETFs as collateral in other lending activities, subject to their individual risk tolerance policies.

DTCC 的決定僅影響其信用系統內的實體間結算，不會影響經紀公司在其他貸款活動中利用加密貨幣 ETF 作為抵押品的能力，具體取決於其各自的風險承受政策。

"This move is specific to DTCC's own clearing system and does not prevent brokerage firms from using crypto ETFs as collateral in other lending activities," clarified K.O. Kryptowaluty, a blockchain and cryptocurrency research firm. "However, it highlights the ongoing concerns within traditional financial institutions regarding the risks associated with cryptocurrencies."

K.O. 澄清說：“此舉是針對 DTCC 自己的清算系統的，並不阻止經紀公司在其他貸款活動中使用加密 ETF 作為抵押品。” Kryptowaluty，一家區塊鏈和加密貨幣研究公司。 “然而，它凸顯了傳統金融機構對加密貨幣相關風險的持續擔憂。”

Despite DTCC's stance, the interest in cryptocurrency markets remains strong. Goldman Sachs recently reported renewed client interest following the introduction of spot Bitcoin ETFs in the United States earlier this year.

儘管 DTCC 持這樣的立場，但人們對加密貨幣市場的興趣依然強勁。高盛最近報告稱，今年稍早在美國推出現貨比特幣 ETF 後，客戶興趣重新燃起。

The financial industry continues to grapple with the challenges and opportunities presented by the emerging cryptocurrency landscape. DTCC's latest move underscores the need for ongoing regulatory oversight, risk assessment, and innovation in these rapidly evolving markets.

金融業持續應對新興加密貨幣領域帶來的挑戰和機會。 DTCC 的最新舉措強調了在這些快速發展的市場中持續監管、風險評估和創新的必要性。