DTCC Unveils Collateral Appchain for Real-Time TradFi Settlement
The Depository Trust & Clearing Corporation (DTCC) announced the creation of a new platform called "Collateral AppChain" for tokenized real-time collateral management. Key points include:
- DTCC processes $9 trillion to $11 trillion daily and has long dominated securities settlement.
- The new platform aims to enhance liquidity by allowing real-time mobilization of various assets, including treasuries and cryptoassets, without settlement constraints.
- This shift indicates a significant adaptation to blockchain technology by traditional financial institutions.
- The AppChain may centralize validation and remain compliant with regulations while being less complex than public blockchains.
- Advantages include increased liquidity for daily trading and efficiency over existing T+1 netting processes.
- Concerns arise regarding the value proposition of public blockchains in light of DTCC's developments.
- Industry players like Ethena view this as validation for their own blockchain initiatives targeting traditional finance.