Did you know? At the center of the global financial system is a priviate company called the Depository Trust & Clearing Corporation (DTCC). In 2023, DTCC’s subsidiaries processed securities transactions valued at U.S. $3 quadrillion (not a typo) and its depository subsidiary provides custody for securities issues from over 150 countries and territories valued at U.S. $85 trillion. The DTCC was founded in 1973 by William T. Dentzer, a former CIA operative and the Special Assistant to the first head of USAID.