DTCC Launches Blockchain-Based Collateral Management Platform: Industry Sees Potential Revolution

The Depository Trust & Clearing Corporation (DTCC) has launched a blockchain-powered digital platform for collateral management, designed to enhance efficiency and transparency in financial markets. This initiative, rolled out in October 2023, is based at DTCC’s headquarters in New York. Industry experts anticipate significant changes as this innovative platform promises increased cost efficiencies and reliability, impacting the entire financial services sector.