Summary
- The Depository Trust & Clearing Corporation (DTCC) announced the launch of a blockchain-based platform for tokenized collateral management.
- The new platform is expected to address inefficiencies in existing systems by allowing real-time transfers and automation through smart contracts.
- DTCC plans to unveil the platform on April 23 and intends to establish global standards in collaboration with regulatory agencies.
According to CoinDesk, a media outlet specializing in virtual assets (cryptocurrency), the Depository Trust & Clearing Corporation (DTCC) is launching a blockchain-based platform for tokenized collateral management.
By tokenizing collateral on blockchain rails and approving real-time transfers and automation through smart contracts, it aims to solve the inefficiency issues of existing systems.
Meanwhile, DTCC plans to unveil the platform at an industry event on April 23 and intends to establish global standards for tokenized collateral in collaboration with regulatory agencies.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
