Wall Street Clearinghouse Giant DTCC is Collaborating with Multiple Layer1s to Drive On-Chain Corporate Actions Such as Dividends

BlockBeats News, May 7th, CEO of the US securities clearing giant DTCC (Depository Trust & Clearing Corporation) Frank La Salla stated that the company is collaborating with multiple high-performance Layer1 blockchains to explore migrating complex corporate actions such as dividend distribution and tender offers to on-chain processing.

La Salla stated at the Consensus 2026 conference that currently, most blockchains are still inefficient in handling corporate actions. DTCC processes millions of dividend payments daily, requiring a Layer1 network with high throughput and high stability support. DTCC is one of the core infrastructure of the US capital markets, processing around $20 trillion in US Treasury and security transactions daily.

The institution plans to launch a tokenized securities platform test in July this year and aims for a broader promotion in October. La Salla believes that "tokenized collateral" may become the first large-scale institutional-grade application scenario for blockchain. In the future, Asian institutions may even access US dollar liquidity in real-time through on-chain collateral on a Sunday in New York.

However, he also warned that blockchain still faces issues such as scalability, fragmented liquidity, and risk management, especially the efficiency of "net settlement" in the traditional financial system which remains difficult to replicate in a decentralized environment.