DTCC ComposerX™ Platform Use Cases
The DTCC Digital Assets ComposerX Platform is uniquely positioned to ensure financial data about tokenized real-world assets is accurate, actionable and available 24/7 to enhance decision-making and reporting.
Integration of digital asset data with legacy systems
Challenge
Market participants don’t have full visibility into a combined view of traditional and digital asset activity. This visibility is important for investment decision making, risk management, collateral optimization, and P&L reporting.
Solution
LedgerScan enables clients to integrate digital asset data as sub-accounts within legacy systems in real-time by enabling direct access to enriched and aggregated data via APIs. This allows users to have a consolidated view of their positions and digital transactions.
Asset data storage and discoverability
Challenge
Many market participants don’t have the (right) tools to securely store data about tokenized assets on chain in a consistent, easy-to-understand, and discoverable way. This impacts liquidity and requires investors to become experts in many different token standards – and often requires them to manually source information about tokenized real-world assets off-chain.
Solution
Factory enables market participants to use standard data templates to securely store, relate and manage data about assets on-chain (e.g., asset class, CUSIP, interest rate, maturity, segment, geographic region, etc.) making it easy for investors to find and evaluate digital assets for investment. Using Factory, market participants can control access to their data by defining roles, ensuring only authorized users have the ability to make changes to the data. LedgerScan automatically reads data templates to simplify discovery, visualization and reporting via User Interface (UI). LedgerScan also offers a rich set of APIs for integration with existing middle- and back-office systems.
LedgerScan automatically reads data templates to simplify discovery, visualization and reporting via User Interface (UI). LedgerScan also offers a rich set of APIs for integration with existing middle- and back-office systems.
Multi-Ledger data aggregation and normalization
Challenge
Market participants cannot easily consolidate and track activity of real-world assets tokenized on multiple chains. This makes it difficult for clients to manage complex portfolios, optimize tokenized collateral or provide regulatory and tax reporting.
Solution
LedgerScan imports data from connected EVM and non-EVM blockchains, consolidating and normalizing data into a secure off-chain cloud data warehouse. LedgerScan aggregates detailed trade activity encompassing quantity, price, and distributions across operations such as minting, burning, and transfers – making it possible to automate reconciliation tasks. The platform is easily accessible via UI or can be integrated with existing or new applications via APIs.
Data enrichment
Challenge
Data stored on-chain is not sufficient for clients to generate meaningful insights to drive decision-making about digital assets. Blockchains maintain a record of the quantity of a position, but not the real-world value of the digital asset. Blockchains also don’t support the relationship between the digital wallet and the real-world owner of that wallet – which is required to demonstrate “good control” of the digital assets.
Solution
LedgerScan enables clients to enrich the blockchain data with real-time pricing and to easily configure the relationship between a blockchain wallet and the beneficial owner. This allows clients to:
- Establish flexible hierarchical structures for managed accounts, access analytics for all account and wallet layers, and track the value and ownership of digital assets in real time.
- Access business intelligence reports for control location workflows.
- Generate comprehensive reports on account and wallet performance, transaction volumes, and types across all managed investment accounts.
- Seamlessly integrate account and wallet data into mobile or web-based applications.
Asset reporting and good control
Challenge
Digital asset issuers and their agents are required to generate reports to comply with regulations and support taxation. Asset servicers are also required to identify and correct malicious or erroneous activity if/when it occurs.
Solution
Ledgerscan provides issuers and their agents with transparent and aggregated visibility of the distribution of their digital assets across the blockchains where they have been issued. LedgerScan reporting capabilities enable clients to identify errors or malicious activity.
Combined with Capital Markets Platform and Compliance Aware Token Framework®, clients can easily rectify errors, claw back value and restore any inappropriately lost assets to their clients.
Real-time 24/7 visibility
Challenge
Digital markets operate 24/7 globally, and transactions settle dynamically. Clients need the ability to view asset value and ownership in real-time to keep making investment decisions and manage risk.
Solution
LedgerScan enables clients to view their enriched positions as they change in real-time by dynamically importing transaction data across all connected blockchains (EVM and non-EVM), enriching the data with pricing and updating ownership in real-time.