Key Takeaways
- • DTCC made a strategic investment in iCapital and announced a collaboration to advance infrastructure supporting private markets, according to a Business Wire release dated September 28, 2026.
- • The firms plan to integrate DTCC's Alternative Investment Product (AIP) with iCapital's alternative investment platform as an initial area of collaboration.
- • iCapital reports $1.2 trillion in assets serviced globally, including $327 billion in alternative platform assets and $311 billion in structured investments, annuities and insurance.
- • Talia Klein, Head of Wealth & Investment Solutions at DTCC, will serve as an observer on iCapital's Board of Directors.
- • The partnership targets reduced operational friction, standardized workflows and tokenization/DLT exploration for wealth advisors and asset managers.
Summary
DTCC, the post-trade market infrastructure provider, and iCapital, a global fintech platform for alternative and non-traditional investments, announced a strategic collaboration aimed at strengthening the infrastructure supporting private markets, according to the release issued via Business Wire. As part of the arrangement, DTCC has made a strategic investment in iCapital. The firms said the collaboration is intended to reduce operational friction and help wealth advisors and asset managers participate in private markets more efficiently, at greater scale and with less risk.
The initial workstream involves integrating DTCC's Alternative Investment Product (AIP) with iCapital's alternative investment platform. The companies said this would connect capabilities across transaction processing, data exchange, access, administration and reporting. They also plan to explore collaboration on current and emerging technologies, including blockchain-enabled distributed ledger technology (DLT) and tokenization where appropriate, according to iCapital Chairman and CEO Lawrence Calcano.
DTCC President, CEO and Director Frank La Salla said broader adoption of alternative investments will depend on making the ecosystem easier to navigate, more efficient to operate and highly resilient. Talia Klein, DTCC's Head of Wealth & Investment Solutions, will become an observer on iCapital's Board of Directors and noted that private markets have traditionally lacked the operational standards present in public markets.
iCapital stated it has $1.2 trillion in assets serviced globally on its platform, including $327 billion in alternative platform assets, $311 billion in structured investments and annuities and insurance, and $563 billion in client assets reported on. The company serves nearly 3,900 wealth management firms and 144,000 active financial professionals. The release does not disclose the size of DTCC's investment or the financial terms of the transaction.
The initial workstream involves integrating DTCC's Alternative Investment Product (AIP) with iCapital's alternative investment platform. The companies said this would connect capabilities across transaction processing, data exchange, access, administration and reporting. They also plan to explore collaboration on current and emerging technologies, including blockchain-enabled distributed ledger technology (DLT) and tokenization where appropriate, according to iCapital Chairman and CEO Lawrence Calcano.
DTCC President, CEO and Director Frank La Salla said broader adoption of alternative investments will depend on making the ecosystem easier to navigate, more efficient to operate and highly resilient. Talia Klein, DTCC's Head of Wealth & Investment Solutions, will become an observer on iCapital's Board of Directors and noted that private markets have traditionally lacked the operational standards present in public markets.
iCapital stated it has $1.2 trillion in assets serviced globally on its platform, including $327 billion in alternative platform assets, $311 billion in structured investments and annuities and insurance, and $563 billion in client assets reported on. The company serves nearly 3,900 wealth management firms and 144,000 active financial professionals. The release does not disclose the size of DTCC's investment or the financial terms of the transaction.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.