DTCC patent for tokenized settlement explicitly calls Ripple and Stellar-XRP and XLM in focus
- A patent of the Depository Trust & Clearing Corporation integrates XRP and XLM into a crosschain liquidity system for programmable, tokenized asset management.
- The system enables real-time rating, compliance and fund nuts and introduces the change to a multicia financial infrastructure.
The Depository Trust & Clearing Corporation DTCC, an American central custodian and clearing house, hat Riples XRP and Stellars XLM in a new patent expressly mentionedto change liquidity management through blockchain technology.
Registration with the title “Systems, Methods, and Storage Media for Managing Digital Liquidity Tokens in A Distributed Ledger Platform” outlines a plan for the tokenization of liquidity using Chrorschain-distributed digital tokens that work within a modular, programmable frame.
Since the DTCC manages more than $ 4 trillion in securities every year, the patent shows an institutional step towards programmable finance, in which XRP and XLM play a technical role in a new administrative infrastructure.
The basis of the DTCC’s proposal is a new token type called “digital liquidity ticks”. In contrast to stable coins or utility tokens, these tokens show ownership of the market functions between two assets. Each token plays the current market conditions and enables the provision of liquidity on the chain, without being dependent on centralized intermediaries or external arbitrage.
The tokens contain metadata that represent the evaluation logic, compliance tests and the course of ownership. You can create wrapped nfts and convert them into divisible, fungal instruments. As a result, the funds could be designed flexibly, so that investors have access to ETFs, securitized loans and synthetic assets that are secured by different types of investments.
The system includes programming for calculating the market values that is based on information from the Oracle feed system or, if it is not available, on internal information. Smart contracts control the input and exit of funds into liquidity pools and automatically change the value and the ownership of tokens according to the market changes.
XRP and XLM: Interoperability values within a modular design
According to the patent-CNF reported-Ripple, XRP and XLM intends to use for its token wrapping and routing functions. Both serve as payment tokens and connect modules in a system.
XRP is characterized by the fact that it can efficiently process transfers between institutions and process more than 1,500 transactions per second. This means that it can be presented as a liquidity token and is used within the company for billing between different funds.
In the same way, XLM is contained because it is an inexpensive system with which many global transfer networks work. It is well suited for Fiat on and off-ramping and can be coupled with stable coins and tokenized securities.
Compliance, auditing and delegated control
The patent includes Smart Contract Functions that ensure that the platform complies with the industry and regulatory guidelines. Such systems are designed in such a way that they provide rules for assets, their transmission and review of their history.
If a credit token fails in a fund, the Smart Contract causes the liquidity reserve to manage the loss. All actions can be found and pursued according to the rules specified by the system, so that manual checks are less likely to be required.
The patent also deals with similar topics, such as the separate DTCC registration, which relates to the delegation of rights and the safe wallet management. In the previous registration it is stated that an institute should use root and delegate walls to assign and monitor powers in the system.
The system proposed by the DTCC follows a trend towards relocating standard financial functions to distributed ledger. While Ethereum is responsible for the output and management of tokens, the project can grow and thrive on several chains by sending signals for XRP and XLM.
As a result, the operating costs can decrease, bills can take less time and new, more precise and programmable financial instruments can arise. In view of the great interest in tokenized assets, the patent of the DTCC determines the main frame for a large -scale system.
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