The US Depository Trust & Clearing Corporation (DTCC) announced that it has collaborated with alternative investment platform iCapital to advance private market infrastructure and has made a strategic investment in iCapital. Both companies plan to strengthen the integration between the DTCC Alternative Investment Products (AIP) system and the iCapital platform to integrate transaction processing, data exchange, investment access, management, and reporting tasks. They also decided to explore new technology collaborations that will enhance connectivity and efficiency across alternative investments. In this regard, iCapital CEO Lawrence Calcano stated, "We will also pursue blockchain-based Distributed Ledger Technology (DLT) and tokenization technologies together in areas where they are needed."