DTCC taps Chainlink for its tokenized collateral platform ahead of Q4 launch
The Depository Trust & Clearing Corporation (DTCC) will use Chainlink infrastructure for its blockchain-based collateral management platform, extending earlier work between the firms into one of Wall Streets core risk-management functions. The firm said its Collateral AppChain will use Chainlinks Runtime Environment (CRE) and data standard to support pricing, valuation, margining, collateral optimization and settlement. The AppChain is a Besu-based blockchain platform facilitating tokenization of assets and real-time, 24/7 collateral management. DTCC‘s platform is aimed at reducing the delays and fragmentation in today’s collateral systems, where assets are often trapped across institutions and time zones. By tokenizing collateral and automating workflows through smart contracts, the system is designed to enable near real-time collateral movement across both traditional financial markets and blockchain networks. “By leveraging tokenization and distributed ledger technology (DLT) to modernize collateral mobility, our goal is to enable 24/7, near real-time collateral management across global markets and blockchains,” said Nadine Chakar, DTCC managing director and global head of digital assets. Chainlink will provide the data and orchestration layer. Its technology will help connect asset prices, valuations and collateral movement, while supporting checks on eligibility, margining and settlement instructions. Chainlink is a decentralized oracle network that feeds blockchains with real-world data such as prices,