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Financial markets infrastructure firm Depository Trust & Clearing Corporation (DTCC) has announced the launch of ComposerX, a new suite of platforms aimed at streamlining token creation and settlement in an effort to accelerate the adoption of digital assets across the financial ecosystem.
ComposerX, formerly the Securrency product suite, is designed as an end-to-end solution for managing digital assets throughout their lifecycle, from issuance and distribution to servicing and reporting.
According to DTCC, the platform offers advanced transaction, account, and inventory management capabilities, as well as scalable data management tools. It also features an open smart contract framework intended to automate complex financial processes and enhance asset discoverability with reconcilable, self-describing data.
“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,” DTCC said in a statement on Tuesday.
The platform includes ComposerX Capital Markets Platform (CMP), which supports token lifecycle management processes, investor onboarding, trading, transaction processing, corporate actions, and transfer agency activities. CMP is designed to be distributed ledger technology (DLT)-agnostic and compatible with multiple tokenization protocols while integrating with legacy systems.
DTCC has also introduced two additional platforms under the ComposerX umbrella. ComposerX Factory serves as a tokenization engine with advanced data management capabilities, automating the full data process and enhancing tokenization protocols such as ERC-20 and ERC-3643 with self-describing smart tokens. ComposerX LedgerScan is built to track and report token activity across networks, providing reconciliation across systems and integrating with existing 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,” said 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.”
The platform also incorporates DTCC’s Compliance Aware Token Framework (CATF), a patented technology that enables real-time enforcement of regulatory rules as transactions occur. CATF allows firms to automate multi-jurisdictional regulatory and transactional policies, including token issuance and distribution control.
DTCC said it plans to continue enhancing ComposerX throughout 2025, with additional functionality expected to expand its ability to integrate financial processes within the digital asset space.
