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DTCC launched a blockchain-based AppChain platform to achieve collateral tokenization.
Foresight News reports that, according to The Block, financial market infrastructure provider DTCC has announced the launch of the AppChain platform for real-time collateral tokenization management. The platform is built on the Besu Ethereum client of LF Decentralized Trust, aimed at enhancing the speed of collateral movement between traditional isolated systems, improving capital efficiency and liquidity, and supporting market participants in deploying digital applications. DTCC plans to showcase the platform at the “Great Collateral Experiment” event on April 23.