DTCC integrates Chainlink for blockchain collateral system

The Depository Trust & Clearing Corporation (DTCC) is enhancing its collateral management system by integrating Chainlink's infrastructure. This move aims to automate key risk-management functions, including pricing, valuation, and settlement, by tokenizing collateral on blockchain rails. The platform, Collateral AppChain, will leverage smart contracts for 24/7 automated collateral management, reducing delays and fragmentation inherent in current financial market systems. This collaboration builds upon previous pilots, such as Smart NAV with JPMorgan and BNY Mellon, and signifies a significant step towards modernizing collateral mobility across traditional and blockchain networks.