The Depository Trust & Clearing Corporation (DTCC) has announced DTCC Digital Launchpad, an industry sandbox intended to bring together financial market participants and clear the path to scalable adoption of digital assets.
As an open ecosystem, DTCC Digital Launchpad will feature market participants, technology providers, and others working together to identify and collaborate on meaningful pilots that have a clear path to production.
DTCC Digital Launchpad provides:
- DLT infrastructure featuring capabilities from the DTCC Digital Assets product suite. These capabilities help firms address some of the industry’s biggest challenges around data, liquidity, and infrastructure, including interoperability and data harmonization
- Robust and scalable infrastructure, enabling firms to get started on their digital asset journeys without having to build their own ecosystem.
The platform has two objectives:
- Industry Launchpad: An open ecosystem for broad collaboration. DTCC will publicize its prioritized pilots in Q1 2025, starting with an initial group of participants invited to co-develop these solutions. These initiatives are designed to unite the industry behind addressing critical pain points and paving the way for scalable solutions that drive industry-wide progress
- Client Launchpad: A dedicated space to leverage comprehensive digital asset capabilities from DTCC Digital Assets. Clients can explore and develop their own innovative use cases without substantial investment. DTCC’s professional services team is on hand to offer guidance and provide product support to drive these initiatives to production.
DTCC has also announced the results of a recent proof-of-concept on DTCC Digital Launchpad. Led by Japan Securities Clearing Corporation (JSCC), clearinghouse of Japan Exchange Group, the proof-of-concept explored how central counterparties (CCPs) could use tokenization to optimize the collateral management process for clearing members and their buy-side firms. In particular, it examined how margin calls and their associated processes could be automated, made more efficient and transparent for all participants using digital assets and smart contracts – or rules that automatically execute on a distributed ledger when certain conditions are met.
“JSCC is excited to share the results of our successful proof-of-concept, which demonstrated that digital assets and smart contracts technology could be leveraged to introduce operational and capital efficiencies for market participants in the collateral management process,” said JSCC President & CEO, Konuma Yasuyuki. “By leveraging DTCC’s reusable blockchain-based infrastructure, we were able to jump-start our proof-of-concept, easily issuing digital assets such as cash, stocks, and bonds without needing to develop our own infrastructure. This allowed us to shift our focus to the initiative’s impact on our own business processes.”
