Wall Street giant DTCC launches blockchain collateral platform to accelerate the process of financial tokenization

DTCC, the world's largest securities clearing house, has officially launched a blockchain-based tokenised collateral management platform, which automates operations through smart contracts and improves the efficiency of cross-market transactions. The platform will be unveiled at an industry event on April 23 and will promote the development of global tokenised collateral standards. According to DTCC executives, collateral liquidity is the "killer application" of blockchain, enabling round-the-clock real-time transactions. The move marks an acceleration in the embrace of tokenisation technology by traditional financial giants, and BlackRock, Fidelity and other institutions have also set out in this field.