PANews reported on April 3 that according to The Block, the Depository Trust & Clearing Corporation (DTCC) announced on Wednesday the launch of a real-time tokenized collateral management platform. This innovative platform, called "AppChain", will be demonstrated at the DTCC "Major Collateral Experiment" event on April 23. The platform aims to improve the efficiency and liquidity of global collateral circulation, optimize capital utilization, and "build an open digital liquidity ecosystem for market participants to deploy digital applications." The technical architecture shows that AppChain is developed based on the Besu platform of LF Decentralized Trust under the Linux Foundation.
DTCC pointed out that the increasingly complex market environment and cost pressures have made the demand for efficient and high-quality collateral solutions more urgent. Through the tokenization of collateral, the platform is committed to breaking the barriers of the traditional "isolated" system and significantly improving the speed of cross-system collateral circulation.
