Wall Street clearing giant DTCC is collaborating with multiple Layer 1s to push corporate actions such as dividends onto the blockchain.

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BlockBeats News, May 7 — Frank La Salla, CEO of the US clearing giant DTCC (Depository Trust & Clearing Corporation), stated that the company is collaborating with multiple high-performance Layer 1 blockchains to explore migrating complex corporate actions such as dividend distributions and tender offers onto the blockchain.

La Salla said at Consensus 2026 that most blockchains currently lack sufficient efficiency in handling corporate actions, and since DTCC processes millions of dividend payments daily, it requires support from Layer 1 networks with high throughput and high stability. DTCC is one of the core infrastructures of the US capital markets, handling approximately $20 trillion in US Treasury and securities transactions daily.

The organization plans to launch a tokenized securities platform test in July this year, with a goal to expand more broadly in October. La Salla believes that “tokenized collateral” could become the first large-scale institutional application scenario on blockchain. In the future, Asian institutions could even access real-time USD liquidity through on-chain collateral while in New York on Sunday.

However, he also warned that blockchain still faces issues such as scalability, liquidity fragmentation, and risk management, especially since the efficiency of “net settlement” in traditional financial systems remains difficult to replicate in a decentralized environment.

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