DTCC expands Layer 1 blockchain partnerships for tokenized finance

The U.S. Depository Trust & Clearing Corporation (DTCC) has announced it is collaborating with multiple Layer 1 blockchains to build infrastructure for the tokenized market. Speaking at the Consensus conference in Miami, DTCC CEO Frank La Salla said the partnerships aim to efficiently handle core capital market functions, such as dividend payments, tender offers, and post-trade settlement. He noted that the DTCC processes millions of dividend payments daily, requiring high-performance and stable Layer 1 blockchains. La Salla added that while the DTCC has explored blockchain's potential for about a decade, the emergence of real-world use cases in recent years has made the technology commercially significant.