DTCC 限制加密货币 ETF 作为清算系统的抵押品

美国存托信托和清算公司 (DTCC) 宣布，自 2024 年 4 月 30 日起，将不再接受以比特币或加密货币敞口作为抵押品的交易所交易基金 (ETF)。这一决定是 DTCC 对其抵押品资格标准进行年度审查的一部分，并与其降低金融体系风险的目标保持一致。此举不会影响经纪公司使用加密 ETF 作为贷款活动的抵押品，该活动受个人风险承受政策的约束。

DTCC Restricts ETFs with Cryptocurrency Exposure as Collateral in Clearing System

DTCC 限制 ETF 在清算系统中以加密货币作为抵押品

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.

纽约，2024 年 4 月 28 日 - 全球金融市场清算和结算服务的主要提供商美国存托信托和清算公司 (DTCC) 宣布对其信贷安排更新流程进行重大变更，影响交易所交易基金的使用（ETF）以比特币或加密货币作为抵押品。

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 将不再向直接或间接接触比特币或其他加密货币的 ETF 分配抵押品价值。该政策符合 DTCC 审慎的风险管理方法，旨在减轻与加密货币市场的波动性和投机性相关的潜在风险。

"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 发言人表示：“作为我们年度信贷额度更新的一部分，我们定期审查和调整我们的抵押品资格标准，以确保我们符合不断变化的市场状况和风险。” “这一决定反映了我们对提供支持金融业的安全稳定的清算系统的持续承诺。”

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 的决定仅影响其信用系统内的实体间结算，不会影响经纪公司在其他贷款活动中利用加密货币 ETF 作为抵押品的能力，具体取决于其各自的风险承受政策。

"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. 澄清说：“此举是针对 DTCC 自己的清算系统的，并不阻止经纪公司在其他贷款活动中使用加密 ETF 作为抵押品。” Kryptowaluty，一家区块链和加密货币研究公司。 “然而，它凸显了传统金融机构对加密货币相关风险的持续担忧。”

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.

尽管 DTCC 持这样的立场，但人们对加密货币市场的兴趣依然强劲。高盛最近报告称，今年早些时候在美国推出现货比特币 ETF 后，客户兴趣重新燃起。

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.

金融业继续应对新兴加密货币领域带来的挑战和机遇。 DTCC 的最新举措强调了在这些快速发展的市场中持续监管、风险评估和创新的必要性。