THE PATH FORWARD JSCC is planning to leverage DTCC’s Digital Launchpad to build on the foundation established in its original use case. In these future initiatives, JSCC aims to further explore the feasibility of using digital assets and DLT to enhance their collateral management processes. Building on the proof of concept, JSCC has identified multiple avenues for continued experimentation – while progressing towards production implementation to meet the needs of their ecosystem clients. These could include interoperability with international CCPs, which would allow global firms to open, link, and manage accounts across multiple jurisdictions, or facilitating simultaneous collateral deposits and swaps across international borders. Other areas for experimentation might involve managing life cycle events for bonds or equities used as collateral. The PoC highlighted the need for advanced privacy solutions to protect account hierarchies within omnibus structures and limit network operators’ visibility of individual accounts. Future efforts should focus on refining the smart contracts used in the PoC to meet diverse market participant requirements across various asset types, while ensuring their manageability and auditability. Additionally, further development of real-time asset position monitoring and optimization capabilities for network participants could be a valuable area of exploration. JSCC’s pioneering work demonstrates the value of common standards and open, incremental experiments in benefiting the entire ecosystem - which is exactly what we’ve built the DTCC Digital Launchpad to enable and support. JSCC’s focus aligns with DTCC’s vision to develop advanced collateral solutions that optimize capital, increase liquidity for members of our clearing businesses, and reduce operational costs across the industry. We are excited to collaborate with JSCC and other partners to create innovative solutions that enhance global liquidity and streamline all aspects of collateral management. At DTCC, we’re advancing the development of common standards for data and interoperability along with the controls and operational processes needed to make digital assets work for the capital markets industry. We’re building the DTCC Digital Launchpad as a rallying point to the industry to come together, imagine, discuss, and explore all the possibilities offered by digital assets and blockchain technology. Our mission is to unite the industry to tackle complex problems, accelerate the adoption of digital technology, and build a new industry ecosystem together. Contact us to learn more about how you can bring your digital asset projects to fruition.
See you on the Launchpad!
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DTCC DIGITAL LAUNCHPAD
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