Depository Trust & Clearing Corporation (DTCC) has launched a new tokenized, real-time collateral management platform, signaling its key institutional commitments to the US decentralized financial infrastructure.
The initiative is built as an app chine and represents the first industry-wide use of blockchain native financial networks to promote collateral business for digital asset support across the market.
The agency’s backbone employs blockchain infrastructure
DTCC’s platform implements a live digital collateral system that enables near-real-time payments and automated collateral operations via smart contracts. Built on the LF decentralized Trust BESU blockchain and supported by DTCC Composerx, the system works as part of the broader DTCC digital launchpad ecosystem introduced in October 2024.
The platform will be released on April 23rd during “The Great Allatoral Experiment,” a live showcase for cross-market use cases, according to the organization.
The new approach aims to address the longstanding inefficiencies of collateral workflows by streamlining the asset movement across historically siloed infrastructure. As stated by Nadine Chakar, global head of digital assets at DTCC, this model offers a more open, flexible and institutionally viable framework than previous digital collateral pilots. Chakal said,
“We plan to continue building on this collateral model, engage with industry and regulators and develop standards for tokenized collateral across jurisdictions around the world.”
CTO Dan Doney further emphasized that real-time collateral mobility represents the blockchain “killer app” in traditional finance and could unlock liquidity in volatile conditions without compromising operational integrity.
DTCC handled a $3 trillion securities transaction in 2023 and owned more than $85 trillion in assets, and its support is a groundbreaking moment in the wider adoption of the tokenization system.
The launch of DTCC represents a broader movement across the US financial sector to integrate blockchain-based tokenization. The market for tokenized real-world assets exceeded $19 billion, up from $10 billion a year ago. The tokenized US Treasury alone reaches $4.9 billion in value, with tokenized private credit exceeding $12.4 billion.
Parallel initiatives from financial giants, including BlackRock, JP Morgan, Apollo, and Franklin Templeton, will intensify institutional change. BlackRock’s USD Institutional Digital Liquidity Fund is approaching its $2 billion assets under its control, but Apollo has launched a tokenized private credit vehicle spanning six blockchain networks.
Regulatory Foundations enable institutional participation
The timing of this platform is consistent with increasing clarity in US regulations. The Ramis Gilli Brand Act and the Digital Product Exchange Act were both passed in 2024, providing clearer asset classification rules and allowing the Commodity Futures Trading Commission (CFTC) key oversight of most digital assets.
The Rollback of SEC Staff Accounting Breaking News 121 reduces custody-related restrictions, making it easier for traditional institutions tokenized assets without imposing balance sheet penalties.
The stated intention of the DTCC to engage global regulators and define interoperable standards suggests sustained efforts to align technical innovation with evolving legal frameworks. Chakar noted that the group is working to establish the regulatory and legal architecture necessary for implementation, highlighting the cooperation between the judicial and direct involvement with buyers.
The Appchain-based structure of DTCC’s new collateral platform allows for private and secure asset movements while maintaining compliance and institutional control. Built on top of an Ethereum-compatible infrastructure, the LF decentralized Trust BESU network ensures scalability and data integrity. The platform’s open architecture and common standards are designed to support seamless integration with legacy systems and distributed networks.
This hybrid architecture reflects the growth trends of traditional and blockchain-native finance. Smart contract-based automation is increasingly being used to improve efficiency, transparency and risk management of legacy financial systems. Pilot programs such as the Canton Network and CME Group’s use of Google Cloud’s Universal Ledger further examine the potential of blockchain as a foundational component of financial infrastructure.
Collateral mobility has emerged as an important driver for the adoption of institutional tokenization. The tokenized system allows assets to be reused, relocated and transferred across jurisdictions and platforms without traditional friction or delays in T+ payments. By increasing liquidity and capital efficiency, such a system offers compelling use cases for both buyers and sellers.
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