The Depository Trust and Clearing Corporation (DTCC) has announced plans to adopt Chainlink's Runtime Environment (CRE) for its upcoming blockchain-based Collateral AppChain, with a launch targeted for the fourth quarter of 2026. The platform aims to automate collateral pricing, valuation, margining, and ensure 24/7 settlement, bridging legacy financial markets with distributed ledger technology.
The Collateral AppChain will operate on Hyperledger Besu, using smart contracts to tokenize traditional assets and enable near real-time collateral transfers between providers, receivers, and other stakeholders. Chainlink's CRE will serve as the data coordination layer, handling eligibility checks, on-chain price data for multi-asset valuation, margin calculations, and settlement instructions without requiring custom integrations for each asset class.
Nadine Chakar, DTCC Managing Director and Global Head of Digital Assets, stated: "By leveraging tokenization and distributed ledger technology to modernize collateral mobility, our goal is to enable 24/7, near real-time collateral management across global markets and blockchains." Chainlink Co-Founder Sergey Nazarov called collateral management "the killer application that institutional finance has been waiting for from the blockchain sector" and highlighted CRE's ability to orchestrate outputs securely and compliantly.
The DTCC processed approximately $4.7 quadrillion in securities transactions in 2025, underscoring the need for efficient infrastructure. Its depository subsidiary managed about $114 million in securities while handling over 25 billion trade messages annually. Tokenization and automated workflows are seen as solutions to the fragmented collateral management processes that currently lock assets across institutions and time zones, causing delays in risk assessment.
This integration follows earlier collaborations: in 2024, JPMorgan, Franklin Templeton, and BNY Mellon participated in a DTCC and Chainlink pilot exploring the transfer of asset data to blockchain networks. Earlier this month, DTCC also revealed that more than 50 firms had joined a working group for the Depository Trust Company's tokenization platform, with limited production trades expected in July and a broader rollout in October.
