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Wall Street's clearinghouse seeks 'high-performance' blockchains to tokenize corporate actions
Key takeaways
- "We are working with some very good L1s right now, who are focused on the ability to process at faster rates, have higher resiliency," he said.
- Currently, the bottleneck is that on most blockchain networks could take a few days to process corporate actions, he pointed out.
- "We process millions of dividend payments a day to feed to the industry," Le Salla said.
Frank La Salla, CEO of the Depository Trust and Clearing Corporation (DTCC), said Wednesday at Consensus 2026 in Miami that the market infrastructure giant is collaborating with several layer-1 (L1) blockchain networks to improve how dividend payments, tender offers and other post-trade events could be processed in tokenized markets.
"We are working with some very good L1s right now, who are focused on the ability to process at faster rates, have higher resiliency," he said.
Currently, the bottleneck is that on most blockchain networks could take a few days to process corporate actions, he pointed out.
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