finance
DTCC to Begin Testing Tokenized Securities Platform in July for Planned October Launch
Frank La Salla, President and CEO of the Depository Trust & Clearing Corporation, said the firm is collaborating with high-performance layer-1 blockchains to bring corporate actions such as dividend payments and tender offers onchain. DTCC, which processes about $20 trillion in U.S. securities trades daily, has spent nearly a decade exploring blockchain applications.
May 6, 6:29 PM·1m read1 source
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The Depository Trust and Clearing Corporation will begin testing its tokenized securities platform in July ahead of a broader rollout targeted for October. Frank La Salla, President and CEO of the Depository Trust & Clearing Corporation (DTCC), announced the timeline while speaking at Consensus 2026 in Miami.
DTCC is working with several high-performance layer-1 blockchains to move complex corporate actions such as dividend payments and tender offers onchain.
U.S. securities trades daily and handles millions of dividend payments a day. On most blockchain networks, corporate actions could take a few days to process, La Salla said.
"We process millions of dividend payments a day to feed to the industry," he told the audience. " DTCC is collaborating with several layer-1 blockchain networks to improve processing of dividend payments, tender offers and other post-trade events. La Salla said blockchain networks need to process at faster rates and have higher resiliency to handle millions of dividend payments a day.
La Salla stated that tokenized collateral and real-time dollar liquidity could be blockchain’s first major institutional use case. U.S. dollar liquidity on a Sunday in New York by posting tokenized collateral onchain in real time.
"That is incredibly powerful," La Salla said. But scalability, liquidity fragmentation and the loss of netting efficiencies remain significant challenges, he cautioned. Traditional market infrastructure compresses massive trading activity into smaller settlement obligations through concentration of liquidity.
