Tokenized Collateral Network (TCN) is an application enabling investors to utilize assets as collateral. Transfer collateral ownership without moving assets in underlying ledgers — while remaining invested — starting with money market funds.* Provides added capabilities for assets previously unavailable for use as collateral* Transparency of collateral ownership across the lifecycle of asset transfers * Automated reconciliation reduces manual processing * Enhanced collateral mobility eliminates the need for market moves thereby reducing cost and settlement timelines * Real-time transfer of collateral ownership * Ability to use tokenized collateral within other applications in the Onyx Digital Assets ecosystem