DTCC Is Hunting for High-Performance L1 Blockchains to Move $20T in Corporate Actions Onchain!

The Depository Trust and Clearing Corporation is actively collaborating with several layer-1 blockchain networks to bring corporate actions — dividend payments, tender offers, and other post-trade events — onto the chain. DTCC CEO Frank La Salla, speaking at Consensus 2026 in Miami, said the firm processes millions of dividend payments daily and needs L1s capable of matching that throughput. "We need high-performance L1s to do that," he said plainly.

The timeline is concrete: DTCC plans to begin testing its tokenized securities platform in July, with a broader rollout targeted for October. La Salla also flagged tokenized collateral as blockchain's most immediate large-scale institutional use case — envisioning firms in Asia accessing U.S. dollar liquidity on a Sunday by posting tokenized collateral onchain in real time.

Still, La Salla was candid about the friction ahead. Scalability,…