The Depository Trust & Clearing Corp.'s Mark Wetjen has joined the board of advisers of the Chamber of Digital Commerce.
The chamber, a blockchain trade association that was created to represent the industry's interests in Washington, also announced the DTCC has joined its alliance as an executive committee member.
Wetjen is head of global public policy at the post-trade financial services company and was previously a commissioner at the Commodity Futures Trading Commission. He said in a news release Wednesday that blockchain strategies will be important "to any future re-architecting of the post-trade environment." Blockchain technology will allow the industry to "drive targeted improvements to the financial market infrastructures that underpin the global capital market," he added.
The announcement comes almost a year after Blythe Masters, chief executive of the blockchain software company Digital Asset Holdings and former JPMorgan Chase executive, joined the chamber as an adviser. Digital Asset also recently partnered with the DTCC to develop a distributed ledger for managing repurchase agreements.
The chamber aims to help build the regulatory framework for the bitcoin community through the promotion and use of digital assets. As the ecosystem has developed the group has expanded its interests to include blockchain-focused activity.