DTCC, Wall Street's clearinghouse, works with blockchains to tokenize corporate actions
CoinDesk
The DTCC is collaborating with high-performance blockchains to move complex corporate actions like dividend payments onto the chain.Summary
The Depository Trust and Clearing Corporation (DTCC), the central infrastructure for U.S. capital markets, is actively testing layer-1 blockchains to tokenize corporate actions such as dividend payments and tender offers. CEO Frank La Salla emphasizes the need for high-performance networks capable of processing millions of transactions efficiently, noting that traditional blockchain settlement times are currently a bottleneck. While the firm explores blockchain to enhance liquidity and enable real-time collateral movement, La Salla notes that challenges regarding scalability, risk management, and the loss of traditional liquidity concentration remain key hurdles.
(Source：CoinDesk)