Deployments · DTCC ComposerX · platform by DTCC
DTCC Collateral AppChain (tokenised real-time collateral management)Updated 6 Nov 2026
DTCC's platform for managing tokenised collateral in real time, built as an application on its Besu-based AppChain using ComposerX. It was shown in a live industry demonstration, "The Great Collateral Experiment", in April 2025, where JSCC, BNY, Euroclear, Franklin Templeton, Société Générale, Fnality and Wellington moved tokenised assets, stablecoins, tokenised money market funds and bitcoin as collateral under smart-contract rules. In May 2026 DTCC picked Chainlink's runtime and data standard for automation and said it expects the AppChain to go live in the fourth quarter of 2026.
Proof of concept since 23 Apr 2025[1] — Demonstration only; production launch targeted for Q4 2026 but not confirmed as of 2026-10-12. · Reviewed today
- Assets
- [2]Stablecoins used in the April 2025 demonstration[2]Tokenised money market funds used in the April 2025 demonstration
- Networks
- Use cases
- Collateral mobility[1]
- Jurisdictions
- United States
Participants
- DTCCPlatform provider, Operator, Technology provider[1]United States
- Japan Securities Clearing CorporationCounterparty[2]Japan
- BNYCounterparty[2]United States
- EuroclearCounterparty[2]Belgium
- Franklin TempletonCounterparty[2]United States
- Société GénéraleCounterparty[2]France
- FnalityCounterparty[2]United Kingdom
- Wellington ManagementCounterparty[2]United States
- Chainlink LabsTechnology provider, Data or oracle provider[3][5]United States
- Roles of each demonstration participant (collateral giver, receiver, agent) are not set out by DTCC.[2]
Likely relevant regulation
- US federal banking agencies' framework for bank crypto-asset, stablecoin and tokenisation activitiesUnited States
- CFTC tokenised collateral and digital-asset margin framework (staff guidance and pilot programme)United States
Timeline
- Expected Q4 2026 (month only) · Launch · recorded 12 Oct 2026
- Happened 12 May 2026 · Announcement · recorded 12 Oct 2026DTCC selects Chainlink's runtime environment and data standard to automate pricing, eligibility, margining and settlement on the Collateral AppChain.[3]
- Happened 23 Apr 2025 · First transaction · recorded 12 Oct 2026In a roughly hour-long live demonstration, seven firms move tokenised collateral on chain with smart contracts applying eligibility, haircuts and minimum transfer rules.[2]
- Happened 2 Apr 2025 · Announcement · recorded 11 Oct 2026DTCC announces the platform and schedules a live demonstration for 23 April.[1]
Sources
- [1]DTCC Announces New Platform for Tokenized Real-Time Collateral Management — DTCC, 2 Apr 2025. Accessed 11 Oct 2026.B
- [2]One Year Later: How DTCC's Great Collateral Experiment Changed the Conversation — DTCC, 29 Apr 2026. Accessed 12 Oct 2026.B
- [3]DTCC Collaborates with Chainlink to Advance 24/7 Collateral Management — DTCC, 12 May 2026. Accessed 12 Oct 2026.B
- [4]Tokenized Collateral Could Unlock Billions in Capital and Transform Liquidity Management — DTCC, 13 May 2026. Accessed 12 Oct 2026. DTCC and Finadium research paper; restates the Q4 2026 go-live target..B
- [5]Revolutionizing 24/7 Collateral Management | DTCC — DTCC, 12 May 2026. Accessed 6 Nov 2026.B
Spotted something out of date or missing? Suggest a correction, ideally with a source.