According to online reports, DTCC, the world's largest securities clearing institution, officially launched a blockchain-based tokenized collateral management platform to automate operations through smart contracts and improve cross-market transaction efficiency. The platform will be unveiled at an industry event on April 23 and promote the development of global tokenized collateral standards. DTCC executives say collateral liquidity is a "killer application" of blockchain that supports real-time transactions around the clock. This move marks the accelerated embrace of tokenization technology by traditional financial giants, and institutions such as BlackRock and Fidelity have also deployed this field.