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DTCC to Launch Blockchain Platform for Collateral Tokenization

DTCC to Launch Blockchain Platform for Collateral Tokenization

The American provider of post-trade, clearing, and settlement services in the financial market, DTCC, has announced the launch of a digital platform for collateral management.

The solution is developed as the DTCC AppChain application based on the Besu enterprise Ethereum client from LF Decentralized Trust. The presentation will take place on April 23rd during The Great Collateral Experiment event.

“The new platform marks the industry’s first use of AppChain financial infrastructure to support institutional-grade DeFi,” the press release states. 

According to the statement, the use of blockchain and the AppChain-based approach enables:

  • increased mobility and speed of collateral movements on a global scale;
  • enhanced capital and liquidity efficiency for all market participants;
  • facilitation of the convergence of traditional and digital assets;
  • provision of an open digital liquidity ecosystem for deploying applications that simplify collateral operations.

“This platform is unique in that we have created something more open, flexible, dynamic, and comprehensive than any previous digital collateral initiative,” said Nadine Chakar, Head of Global Development at DTCC Digital Assets.

Earlier, McKinsey forecasted the growth of the tokenized assets market to $1.9 trillion by 2030.

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