The Depository Trust & Clearing Corporation (DTCC) has announced a digital collateral management platform on its DTCC Digital Launchpad.
The platform, built on the DTCC AppChain and LF Decentralized Trust’s Besu blockchain, aims to increase collateral movement and liquidity, facilitate the convergence of traditional and digital assets, and create an open digital liquidity ecosystem.
The new platform will be showcased in a live event called 'The Great Collateral Experiment' on April 23.
DTCC plans to engage with the industry to establish the standard for tokenized collateral and continue building on this collateral model.