The Depository Trust & Clearing Corporation (DTCC) announced that it is collaborating with several Layer 1 blockchains to build infrastructure for the tokenized market. Frank La Salla, CEO of DTCC, stated at the Consensus event in Miami, USA, "We are collaborating with Layer 1 blockchains to efficiently handle core capital market tasks in the tokenized market, such as dividend payments, tender offers, and post-trade settlement. We process millions of dividend payments daily, which requires 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 have commercial significance."
