PANews reported on May 7th, citing CoinDesk, that Frank La Salla, CEO of DTCC (Depository Trust & Clearing Corporation), a major US clearing company, stated at the Consensus conference that DTCC is collaborating with multiple high-performance Layer 1 blockchain networks to migrate corporate actions such as dividend payments and takeover bids to on-chain operations. He pointed out that currently, most blockchains may take several days to process corporate actions, while DTCC processes millions of dividend payments daily, requiring high-performance Layer 1 support.

La Salla stated that tokenized collateral and real-time dollar liquidity could become the first large-scale institutional application scenario for blockchain, but he also warned that blockchain systems still face significant challenges such as scalability, liquidity fragmentation, and risk management. Previously, it was reported that DTCC planned to begin testing its tokenized securities platform in July and roll it out more widely in October .