DTCC to leverage Chainlink for its blockchain collateral platform

The U.S. Depository Trust & Clearing Corporation (DTCC) will use Chainlink for its blockchain-based collateral management platform, CoinDesk reported. The new platform, named Collateral AppChain, will leverage Chainlink's Runtime Environment (CRE) and data standards to support price valuation, margin management, collateral optimization, and settlement functions. The platform is built on the Ethereum client Besu and aims to enable asset tokenization and 24-hour real-time collateral management.