The US Depository Trust & Clearing Corporation (DTCC) announced that it is collaborating with multiple Layer 1 blockchains to build infrastructure for the tokenized market. DTCC CEO Frank La Salla stated at the Consensus event held in Miami, USA, "We are collaborating with Layer 1 blockchains to efficiently handle core capital market functions such as dividend payments, tender offers, and post-trade settlement in the tokenized market. We process millions of dividend payments daily, and for this, we need Layer 1 blockchains with high performance and stability. DTCC has been researching the potential of blockchain for about 10 years, but in the past few years, as real-world use cases have emerged, the technology has begun to gain commercial significance," he assessed.
