Digital Asset, a leading provider of blockchain solutions, in collaboration with The Depository Trust & Clearing Corporation (DTCC), announced the results of the U.S. Treasury (UST) Collateral Network Pilot, an initiative focused on leveraging DLT applications to support market connectivity across the collateral management lifecycle to enhance mobility, liquidity and transactional efficiency of tokenized assets.
In the pilot, Digital Asset, four investors, four banks, two central counterparties, three custodians/collateral agents, and a central securities depository operated fourteen Canton nodes, connecting four types of cross-application transactions through ten distributed applications, leveraging DTCC’s LedgerScan solution to support dynamic tracking and governance of the assets involved in the pilot transactions. Participants…
