Wall Street's central clearinghouse, the Depository Trust and Clearing Corporation (DTCC), is working with layer-1 blockchain networks to bring corporate actions - dividend payments, tender offers, and other post-trade events - onchain.
CEO Frank La Salla said at Consensus 2026 in Miami that the firm is pursuing high-performance L1s capable of faster processing and greater resiliency. The DTCC currently processes millions of dividend payments a day for the industry, and La Salla noted that many blockchains are still too slow to handle that volume.
DTCC processes roughly $20 trillion in Treasury and corporate securities trades daily. It plans to launch a tokenized securities platform in July with a broader rollout in October.
La Salla described tokenized collateral as a potential first major institutional use case, allowing firms in Asia to access U.S. dollar liquidity in real time, even on a Sunday in New York, by posting collateral onchain.
However, he cautioned that blockchain still faces hurdles with scalability, liquidity fragmentation, and netting. He noted that traditional markets gain efficiency through concentrated liquidity, which decentralized blockchains lack.