Odaily Odaily News: DTCC, the world's largest securities settlement agency, has officially launched a blockchain-based tokenized collateral management platform, which uses smart contracts to automate operations and improve cross-market transaction efficiency. The platform will debut at an industry event on April 23 and promote the formulation of global tokenized collateral standards. DTCC executives said that collateral liquidity is the "killer application" of blockchain and can support real-time transactions around the clock. This move marks that traditional financial giants are accelerating their embrace of tokenization technology, and institutions such as BlackRock and Fidelity have also laid out this field.