According to Bijie.com, on April 3, DTCC, the world's largest securities settlement institution, officially launched a tokenized collateral management platform based on blockchain, which realizes automated operations through smart contracts and improves cross-market transaction efficiency. The platform will debut at the industry event on April 23 and promote the formulation 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 laid out in this field.