The DTCC asset conversion mechanism facilitates the seamless transition of traditional securities, such as Apple shares, from off-chain ledgers to digital ledgers to enable instant settlement. This process involves moving value from a DTC custody account to a control account, where a "digital twin" token is issued to the participant. By utilizing a FinP2P router and stablecoins like Circle for payment, the platform executes delivery versus payment (DVP) transactions on public ledgers like Ethereum in seconds. Beyond simple trading, the infrastructure supports complex financial operations including intraday repos and bilateral agreements like FX forward contracts. These automated Web3 workflows allow for real-time collateral management, margin calls, and substitutions across various asset classes—including crypto, cash, and private securities—effectively creating a "super app" for 24/7 global financial markets.
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