DTCC taps Chainlink for its tokenized collateral platform ahead of Q4 launch
DTCC is integrating Chainlink technology into its blockchain-based collateral management platform to enable 24/7 automated asset movement.Summary
The Depository Trust & Clearing Corporation (DTCC) has announced that its upcoming Collateral AppChain will utilize Chainlink's infrastructure to power its blockchain-based collateral management system. The platform, built on a Besu-based blockchain, aims to modernize risk management by tokenizing collateral and using smart contracts to facilitate near real-time, 24/7 asset movement across global financial markets.
Chainlink will serve as the data and orchestration layer, providing critical real-world data for pricing, valuation, margining, and settlement. This integration builds upon previous collaborative efforts between the two firms, such as the Smart NAV pilot involving major institutions like JPMorgan and BNY Mellon. The project is part of DTCC's broader initiative to expand tokenization services, with production trades and full platform launches expected later this year.
(Source：CoinDesk)