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The Depository Trust and Clearing Corporation partners with Chainlink on Swift blockchain interoperability project
2023-09-15 14:50
According to official news from Odaily, the Depository Trust and Clearing Corporation (DTCC) of the United States has cooperated with Chainlink to carry out the Swift blockchain interoperability project to enable the tokenized transfer of traditional financial assets. Swift uses Chainlink CCIP on the backend to enable cross-chain messaging and token transfers, while DTCC acts as the token issuer and central securities depository (CSD). Specifically, DTCC mints and issues Chainlink CCIP-compatible “BondTokens” and distributes them to Swift-designated test wallets.