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Copy file name to clipboardExpand all lines: src/content/datalink/provider-catalog/index.mdx
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DataLink offers a catalog of institutional and specialized market data providers. Explore the catalog to find the right data for your onchain applications.
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<Asidetype="note"title="More data providers coming soon">
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[Contact us](https://chain.link/datalink-data-consumer) to request new data types, or if you are interested in
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becoming a data provider through DataLink.
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</Aside>
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## Data Providers
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_Coming soon_
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### Deutsche Börse Group
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[**Deutsche Börse** Market Data \+ Services](https://deutsche-boerse.com/dbg-de/) has formed a strategic partnership with Chainlink to bring its multi-asset class market data to blockchains. For the first time, real-time data from the largest derivatives exchange in Europe, Deutsche Börse Group’s Eurex, along with Xetra, 360T, and Tradegate trading venues—spanning equities, derivatives, forex instruments, and more—is being made available onchain
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The real-time, multi-asset class data Deutsche Börse is bringing onchain includes:
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-[**Eurex**](https://www.eurex.com/)—Europe’s largest derivatives exchange, listing interest rate, equity/index, volatility, dividend, FX, and other futures and options. In 2024, Eurex recorded over [2.08 billion traded contracts](https://www.eurex.com/ex-en/find/news-center/news/Full-year-and-December-2024-figures-at-Eurex-4250318) in exchange-traded derivatives with a capital open interest of [€3.6 trillion](https://www.eurex.com/ex-en/find/news-center/news/Full-year-and-December-2024-figures-at-Eurex-4250318).
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-[**Xetra**](https://www.xetra.com/)—Europe’s leading venue for ETFs and ETPs by turnover and listings, with around [€230.8 billion](https://www.deutsche-boerse.com/dbg-en/media/news-stories/press-releases/Xetra-ETF-ETP-statistics-2024-assets-under-management-and-product-diversity-continue-to-grow-4272270) in trading volume last year alone.
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-[**360T**](https://www.360t.com/)—Deutsche Börse Group’s global foreign exchange unit operates one of the biggest FX trading venues in the world, predominantly used by some of the world’s largest corporations to hedge currency exposures. 360T serves more than [2,900 buy-side customers](https://www.deutsche-boerse.com/dbg-en/media/news-stories/press-releases/Deutsche-B-rse-provides-market-leading-360T-data-for-FX-swaps-via-Bloomberg-B-PIPE-4229192) and more than [200 liquidity providers](https://www.deutsche-boerse.com/dbg-en/media/news-stories/press-releases/Deutsche-B-rse-provides-market-leading-360T-data-for-FX-swaps-via-Bloomberg-B-PIPE-4229192) across [75 countries](https://www.deutsche-boerse.com/dbg-en/media/news-stories/press-releases/Deutsche-B-rse-provides-market-leading-360T-data-for-FX-swaps-via-Bloomberg-B-PIPE-4229192).
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-[**Tradegate**](https://www.mds.deutsche-boerse.com/mds-en/real-time-data/European-spot-markets/Tradegate-1341022)—a stock exchange specialising in executing private investors’ orders. Over 30 trading participants from Germany, Austria, and Ireland are currently connected and offer access to their customers from their own country and abroad. Deutsche Börse Group holds a [43 percent](https://www.mds.deutsche-boerse.com/mds-en/real-time-data/European-spot-markets/Tradegate-1341022) stake in Tradegate Exchange. Since January, Tradegate has recorded a turnover of [€247.8 billion](https://www.tradegate.de/docs/250710_PR_Tradegate_Exchange_record_turnover_half_year.pdf?) with over [34 million transactions](https://www.tradegate.de/docs/250710_PR_Tradegate_Exchange_record_turnover_half_year.pdf?).
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<Asidetype="tip"title="Talk to an expert">
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[Contact us](https://chain.link/datalink-data-consumer) to discuss integrating Deutsche Börse Market Data + Services
Copy file name to clipboardExpand all lines: src/content/dta-technical-standard/actors.mdx
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title: "DTA Technical Standard: Actors"
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metadata:
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title: "DTA Technical Standard: Actors"
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description: "TODO"
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description: "Familiarize with the core roles (Transfer Agent, Fund Administrator, Fund Distributor, and Fund Issuer) and their responsibilities within the Chainlink Digital Transfer Agent (DTA) technical standard."
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---
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import { ClickToZoom } from"@components"
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importDtafrom"@features/dta/common/Dta.astro"
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The Digital Transfer Agent technical standard allows for multiple market participants to interact with each other onchain \- mirroring the flows for traditional financial assets.
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<Dtasection="dtaNotes" />
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The Digital Transfer Agent technical standard allows for multiple market participants to interact with each other onchain, mirroring the flows for traditional financial assets.
Copy file name to clipboardExpand all lines: src/content/dta-technical-standard/concepts/architecture.mdx
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---
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section: dta-technical-standard
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title: Architecture
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metadata:
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title: "DTA Technical Standard: Architecture"
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description: "Learn about the architecture of the Chainlink Digital Transfer Agent (DTA) technical standard, including its core components and interaction patterns."
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---
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import { ClickToZoom } from"@components"
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importDtafrom"@features/dta/common/Dta.astro"
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<Dtasection="dtaNotes" />
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The Digital Transfer Agent (DTA) technical standard is designed around a core principle: **separation of concerns**. This ensures a system that is secure, decentralized, and flexible. The architecture clearly distinguishes between the public-facing Request Management contract, where users interact, and the private, secure Request Settlement contract, where fund operations occur.
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This design allows the public, multi-tenant DTA Request Management to coexist with private, single-tenant DTA Request Settlement contracts controlled by each Transfer Agent, delivering open discovery with segregated, secure settlement.
Copy file name to clipboardExpand all lines: src/content/dta-technical-standard/concepts/payment-modes.mdx
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---
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section: dta-technical-standard
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title: "Payment Modes"
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metadata:
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title: "DTA Technical Standard: Payment Modes"
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description: "Learn about the payment modes (offchain, local onchain, and cross-chain settlement) supported by the Chainlink Digital Transfer Agent (DTA) technical standard."
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---
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import { ClickToZoom } from"@components"
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importDtafrom"@features/dta/common/Dta.astro"
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<Dtasection="dtaNotes" />
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The Digital Transfer Agent (DTA) technical standard is designed for maximum flexibility, supporting three distinct payment and settlement models. This allows Transfer Agents, Fund Administrators, and Distributors to choose the workflow that best suits their operational needs, whether they are bridging traditional finance with onchain technology or operating a fully cross-chain native fund.
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The payment model for a fund is defined by the Transfer Agent when they register the Fund Token with DTA Request Management.
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|**Offchain Settlement**|**Manual admin confirmation required.** DTA Request Settlement escrows tokens until payment is settled via traditional, offchain channels. | Funds with established, traditional payment relationships (e.g., bank wire transfers). |
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|**Local Onchain Settlement**|**Fully automated settlement.** Payment and token minting occur atomically in a single onchain transaction. | Digitally native funds operating entirely within a single blockchain ecosystem. |
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|**Cross-chain Onchain Settlement**|**Fully automated settlement** using Chainlink CCIP to send payment and instructions to the fund's chain.| Global funds that accept investments on one chain and manage the token on another. |
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|**Cross-chain Onchain Settlement**|**Fully automated settlement** using [Chainlink CCIP](/ccip) to send payment and instructions to the fund's chain. | Global funds that accept investments on one chain and manage the token on another. |
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## 1. Offchain settlement
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This model is designed for funds that handle payments through traditional, offchain channels (e.g., bank wires, direct peer-to-peer transfers). The DTA contracts act as a secure onchain coordination and token escrow layer, while the actual monetary settlement happens off-chain.
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This model is designed for funds that handle payments through traditional, offchain channels (e.g., bank wires, direct peer-to-peer transfers). The DTA contracts act as a secure onchain coordination and token escrow layer, while the actual monetary settlement happens offchain.
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**Use Case:** Ideal for tokenized traditional funds where distributors and transfer agents / fund administrators already have established payment relationships.
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**Workflow (Subscription):**
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<ClickToZoom
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src="/images/DTA/offchain-settlement.png"
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caption="Offchain settlement flow, where DTA Request Settlement escrows tokens until the Transfer Agent confirms off-chain payment."
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caption="Offchain settlement flow, where DTA Request Settlement escrows tokens until the Transfer Agent confirms offchain payment."
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/>
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_Offchain settlement flow, where DTA Request Settlement escrows tokens until the Transfer Agent confirms off-chain payment._
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_Offchain settlement flow, where DTA Request Settlement escrows tokens until the Transfer Agent confirms offchain payment._
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1. A Distributor submits a request on DTA Request Management.
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1. The Transfer Agent processes the request.
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## 3. Cross-chain onchain settlement
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This is the most advanced model, leveraging Chainlink CCIP to enable seamless cross-chain fund management. It is used when DTA Request Management is on a different blockchain from DTA Request Settlement and the Fund Token.
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This is the most advanced model, leveraging [Chainlink CCIP](/ccip) to enable seamless cross-chain fund management. It is used when DTA Request Management is on a different blockchain from DTA Request Settlement and the Fund Token.
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**Use Case:** For global fund platforms that want to accept investments on a major chain like Ethereum Mainnet while managing the fund's assets on a more cost-effective blockchain.
description: "Learn about the request lifecycle within the Chainlink Digital Transfer Agent (DTA) technical standard."
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---
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import { ClickToZoom, Aside } from"@components"
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importDtafrom"@features/dta/common/Dta.astro"
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<Dtasection="dtaNotes" />
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Every subscription and redemption request submitted to DTA Request Management moves through a predictable lifecycle controlled by a state machine. However, the exact flow depends on a critical parameter set for each fund: the Net Asset Value (NAV) Time-to-Live, or NAV TTL.
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The NAV TTL determines whether requests are processed manually in batches or automatically as they arrive. Understanding this distinction is key to managing your fund's operations.
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---
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section: dta-technical-standard
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title: "How It Works"
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metadata:
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title: "DTA Technical Standard: How It Works"
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description: "Learn how the Chainlink Digital Transfer Agent (DTA) technical standard works, including subscription and redemption flows and supported settlement models."
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---
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import { ClickToZoom, Aside } from"@components"
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importDtafrom"@features/dta/common/Dta.astro"
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<Dtasection="dtaNotes" />
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### Components of the Chainlink DTA Technical Standard
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The Chainlink DTA technical standard consists of multiple components that enable onchain transfer agency services:
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-**DTA Smart Contracts**: Enable onchain subscription and redemption of tokenized assets across multiple blockchains, supporting both onchain and offchain settlement.
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-**DTA Request Management**: Accessed by fund distributors to submit subscription/redemption requests and by transfer agents to process pending requests.
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-**DTA Request Settlement**: Deployed by each fund administrator or transfer agent, the contract is responsible for minting, burning, and transferring the tokenized fund upon successful settlement.
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-**CCIP**: Support transfer agency services across multiple blockchains. This allows requests to be submitted on one chain and settled on another. Furthermore, fund tokens can be deployed and made available to investors across multiple blockchain ecosystems.
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-**Chainlink ACE**: Provide flexible, programmable compliance enforcement (e.g., eligibility checks, rate limits, role-based access) to enable regulators’ and institutions’ requirements to be adhered to onchain.
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-**NAVLink Feeds**: Securely link tokenized funds to the fund administrators’ NAV reporting systems to ensure accurate pricing for subscriptions and redemptions across both fiat and digital asset settlement.
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-**CRE**: Ensure compatibility with legacy systems, facilitate access to fiat settlement via [established payment rails](https://www.swift.com/news-events/press-releases/swift-ubs-asset-management-and-chainlink-successfully-complete-innovative-pilot-bridge-tokenized-assets-existing-payment-systems), and enable record reconciliation with offchain systems.
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-**[CCIP](/ccip)**: Support transfer agency services across multiple blockchains. This allows requests to be submitted on one chain and settled on another. Furthermore, fund tokens can be deployed and made available to investors across multiple blockchain ecosystems.
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-**[Chainlink ACE](https://chain.link/automated-compliance-engine)**: Provide flexible, programmable compliance enforcement (e.g., eligibility checks, rate limits, role-based access) to enable regulators’ and institutions’ requirements to be adhered to onchain.
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-**[NAVLink Feeds](/data-feeds/smartdata#navlink-feeds)**: Securely link tokenized funds to the fund administrators’ NAV reporting systems to ensure accurate pricing for subscriptions and redemptions across both fiat and digital asset settlement.
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-**[CRE](https://chain.link/chainlink-runtime-environment)**: Ensure compatibility with legacy systems, facilitate access to fiat settlement via [established payment rails](https://www.swift.com/news-events/press-releases/swift-ubs-asset-management-and-chainlink-successfully-complete-innovative-pilot-bridge-tokenized-assets-existing-payment-systems), and enable record reconciliation with offchain systems.
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## The subscription flow
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_Note: At this point, the token contract itself can enforce its own compliance rules (for example, using Chainlink ACE to verify DTA Request Settlement’s permissions and the distributor's eligibility). Upon a successful compliance check, the new shares are created and held in escrow by the DTA Request Settlement itself, pending final payment settlement._
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1.**Settlement:** Depending on the fund’s payment model, DTA Request Settlement completes settlement by either pulling payment tokens onchain, awaiting and recording offchain payment confirmation, or receiving cross-chain payment via CCIP. Upon successful settlement, it releases the newly minted fund tokens from escrow to the Fund Distributor’s address.
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1.**Settlement:** Depending on the fund’s payment model, DTA Request Settlement completes settlement by either pulling payment tokens onchain, awaiting and recording offchain payment confirmation, or receiving cross-chain payment via [CCIP](/ccip). Upon successful settlement, it releases the newly minted fund tokens from escrow to the Fund Distributor’s address.
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Each of these steps corresponds to a formal status change in the DTA technical standard. To see a detailed breakdown of these states, from **Pending** to **Processed**, see [The Request Lifecycle](/dta-technical-standard/concepts/request-lifecycle) page.
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import { Aside } from"@components"
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importDtafrom"@features/dta/common/Dta.astro"
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<Dtasection="dtaNotes" />
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The **Chainlink Digital Transfer Agent (DTA) technical standard** defines how transfer agents and fund administrators can expand their operations onchain to support tokenized assets, while facilitating adherence to applicable regulatory frameworks.
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The Chainlink DTA technical standard leverages multiple time-tested Chainlink capabilities to provide the easiest and most reliable path for market participants to launch their own onchain transfer agency services and capture the emerging opportunity of tokenized financial markets.
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- Real-time subscription and redemption processing of tokenized funds across multiple blockchains.
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- Seamless integration of pre-built fiat and digital asset settlement workflows, reducing the need for manual reconciliation.
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- Programmable compliance enforcement directly in the transaction flow, powered by Chainlink Automated Compliance Engine (ACE), eliminating fragmented eligibility checks.
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- Programmable compliance enforcement directly in the transaction flow, powered by [Chainlink Automated Compliance Engine (ACE)](https://chain.link/automated-compliance-engine), eliminating fragmented eligibility checks.
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- An onchain golden record of fund lifecycle activities that is automatically synchronized with each transaction rather than via delayed reconciliation.
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- Cross-chain interoperability for tokenized funds, removing the siloed nature of single-chain tokenization initiatives.
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- Transparent, auditable records that build regulator and market participant confidence, with extensibility to additional products beyond investment funds such as ETFs, corporate debt, and private equity.
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section: dta-technical-standard
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title: "Glossary"
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metadata:
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title: "DTA Technical Standard: Glossary"
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description: "Learn the key terms and concepts used within the Chainlink Digital Transfer Agent (DTA) technical standard."
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---
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importDtafrom"@features/dta/common/Dta.astro"
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<Dtasection="dtaNotes" />
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A list of key terms used throughout the Digital Transfer Agent (DTA) Technical Standard documentation.
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## Allowlisting
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## Offchain Settlement
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A settlement model where the monetary payment happens through traditional, off-chain channels (e.g., a wire transfer). The DTA technical standard coordinates the onchain token transfer, which is finalized after the Fund Administrator manually confirms receipt of the offchain payment.
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A settlement model where the monetary payment happens through traditional, offchain channels (e.g., a wire transfer). The DTA technical standard coordinates the onchain token transfer, which is finalized after the Fund Administrator manually confirms receipt of the offchain payment.
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