Waters Rankings 2025: Best distributed-ledger technology provider—DTCC

Overview

The DTCC ComposerX product suite is an end-to-end platform for managing digital assets throughout their lifecycle, from issuance to reporting. It is designed to streamline token creation, settlement and integration with legacy infrastructure and accelerate adoption across the financial ecosystem. Designed for financial institutions to bridge traditional and digital infrastructure, the DTCC ComposerX suite addresses all aspects of the digital asset lifecycle while embodying the security, stability and scalability that define the DTCC brand.

DTCC is excited to be at the forefront of driving industry acceptance and greater adoption of tokenization solutions. Over the past year, we’ve made significant progress, and the Waters Rankings recognition is a testament to our efforts. Our focus remains on building the digital market infrastructure of the future, delivering the same efficiencies for digital assets as we do in traditional markets today, while also ensuring operational resilience, transparency and liquidity.

The solution

The DTCC ComposerX suite comprises the following modules/applications:

• ComposerX Factory – an open tokenization framework designed to automate complex financial processes, including collateralization and corporate actions.
• ComposerX Capital Markets Platform (CMP) – an integration layer bridging Web3 and traditional systems to support the entire portfolio management lifecycle of tokenized assets.
• ComposerX LedgerScan – a SaaS-based data and analytics application that reconciles activity across systems and integrates with legacy accounting and custodial models.

Differentiators

The DTCC ComposerX suite offers scalable technology solutions for creating and managing the lifecycle of tokenized assets. It supports multiple blockchains, provides on-chain data access and actionable intelligence, facilitates near-real-time payments, and automates middle- and back-office functions, while prioritizing regulatory compliance, safety and scalability. Designed for interoperability with clients’ existing systems and capabilities, the DTCC’s products provide the foundation for an industry-wide ecosystem bridging the DeFi and TradFi ecosystems.

Recent goals

• Piloted the Collateral AppChain platform, enabling scalable, tokenized collateral management through a network-agnostic framework.
• Led The Great Collateral Experiment, an industry-wide initiative to define the token standard for collateral across global jurisdictions.
• Established the DTCC Digital Launchpad, an open, collaborative ecosystem for building secure, production-ready digital infrastructure.
• Launched ComposerX Factory and ComposerX LedgerScan, facilitating an open framework for tokenization and real-time data connectivity.

Product roadmap

In the coming months, the DTCC will enhance its ComposerX suite and Digital Launchpad, enhancing their resiliency, scalability and performance. Additional priorities include:

• Enhancing ComposerX Factory and ComposerX LedgerScan to support Web2 and Web3 data operations with scalable tools and patterns.
• Leveraging ComposerX Factory for automated on-chain corporate action processing.
• Expanding ComposerX LedgerScan with blockchain insights and reconciliation features.
• Evolving ComposerX CMP to manage lifecycle events across diverse asset classes.