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DTCC and Euroclear Explore Global Ledger Linking Traditional and Blockchain Assets

DTCC and UBS executives highlight Chainlink’s role in enabling real-time settlement and cross-border tokenized finance interoperability at the SmartCon conference.

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Summary

At Chainlink’s SmartCon conference, DTCC Digital Assets CTO Dan Doney and UBS Tokenize head Laurens Schepens discussed advancing global tokenized finance interoperability. DTCC is leveraging Chainlink data services to transition from T+1 to real-time settlement, while UBS completed a Digital Token Agreement (DTA)-based on-chain transaction using Ethereum. These developments build on DTCC’s and Euroclear’s unified ledger plans, aimed at bridging traditional and blockchain assets for faster settlement and secure interoperability.

Terms & Concepts
  • Tokenisation: The process of converting ownership rights in an asset into a digital token on a blockchain.
  • Unified Ledger: A single, integrated record-keeping system that can track both traditional and blockchain-based assets.
  • Interoperability: The ability of different blockchain systems or networks to communicate and operate together effectively.