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Zach Rynes reports that DTCC has executed live production trades involving tokenized assets in partnership with Chainlink and over 30 major institutions.
According to the update, Chainlink facilitated a transaction in which JPMorgan posted DTC-tokenized assets as collateral to meet margin requirements with CME Group.
Chainlink was previously selected as Robinhood’s official oracle for live cross-chain data on Robinhood Chain, according to an earlier report by Zach Rynes. In another article, Rynes explained that Ripple’s sales of XRP can increase the circulating supply and potentially affect the token’s price through token dilution. These developments highlight the expanding use of blockchain-based solutions by major financial institutions.