DTCC Launches Tokenized Real-Time Collateral Management Platform
- The Depository Trust & Clearing Corporation (DTCC) has launched a new tokenized real-time collateral management platform.
- The platform is built on LF Decentralized Trust’s Besu blockchain and supported by DTCC ComposerX.
- DTCC processed $3 quadrillion in securities transactions in 2023 and holds custody of over $85 trillion in assets.
- The market for tokenized real-world assets surpassed $19 billion, up from $10 billion the previous year.
- Tokenized US Treasuries have reached $4.9 billion, and tokenized private credit exceeds $12.4 billion.
DTCC’s new platform marks a significant move towards integrating blockchain-based tokenization within the US financial sector, addressing inefficiencies in collateral workflows through near real-time settlement and smart contract automation.
Source (2.6.1)https://cryptoslate.com/tokenized-assets-in-us-near-20b-as-dtcc-launches-appchain-for-real-time-tokenized-asset-management/?rand=24433
