The Depository Trust & Clearing Corporation ( DTCC ), the New York-based post-trade services provider, has launched a suite of platforms designed to streamline token creation and settlement.

Aimed at accelerating digital asset adoption throughout the financial ecosystem, ComposerX is a complete, end-to-end suite for managing digital assets through their full lifecycle – including issuance, distribution, servicing, and reporting.

The solutions provide transaction, account and inventory management capabilities, scalable data management tools, and an open smart contract framework for tokenization to automate complex financial processes and enable asset discoverability with reconcilable, self-describing data.

According to DTCC, meaningful adoption of digital assets goes beyond asset creation on a blockchain. Firms also require an on-chain framework for data management that powers business decisions, risk management, and reporting. 

To address this challenge, ComposerX offers three core platforms:

• ComposerX Capital Markets Platform ( CMP ). This supports the entire token lifecycle management process, from investor onboarding, trading and transaction processing, corporate actions, and transfer agency activities. Capital Markets Platform emphasizes harmonization, innovation, and openness by being DLT-agnostic, and is available with a range of tokenization protocols. CMP enables flexibility and transparency by allowing integration with ComposerX’s other platforms, as well as with legacy systems.
• ComposerX Factory, This open tokenization engine automates the full data management process. It allows firms to create “self-describing” smart tokens that include verifiably accurate data schemes that can be relied upon for discoverability and can unlock the reliable automation of business processes. 
• ComposerX LedgerScan, This platform allows firms to track and manage tokens representing any asset from any source spanning any network, reconciling all activity across systems and integrating with legacy accounting and custodial models.

“We’re excited to launch the ComposerX suite, which provides firms with the tools they need to usher in a new era of institutional DeFi,” says Nadine Chakar, global head of DTCC digital assets. “This is a milestone in DTCC’s journey to lead the industry toward the development of a digital financial markets ecosystem, where digital assets are treated with the same care afforded to traditional securities.”

“We look forward to continuing our work with the industry to build an open, secure and scalable financial markets infrastructure for the digital economy,” Chakar adds.