Wall Street Giant DTCC Unveils Tokenized Collateral Platform in Crypto Push

The Depository Trust and Clearing Corporation (DTCC), the world’s largest securities settlement system, is pushing deeper into crypto with introducing a blockchain-based platform for tokenized collateral management.
Collateral is a fundamental part of risk management in financial markets, ensuring stability amid market fluctuations. However, traditional systems often suffer from inefficiencies due to fragmented infrastructure and lagging settlements.
DTCC said its new platform seeks to address these challenges by tokenizing collateral on blockchain rails, allowing for real-time transfers and automation through smart contracts, according to a Wednesday press release. The platform runs within DTCC’s AppChain ecosystem, which was developed on top of LF Decentralized Trust’s Besu blockchain.