The Depository Trust & Clearing Corporation (DTCC), responsible for U.S. securities clearing and settlement infrastructure, is partnering with several high-performance Layer 1 blockchains to explore migrating corporate actions such as dividend payments and tender offers to blockchain processing. DTCC CEO Frank La Salla highlighted that most blockchains currently face performance bottlenecks when handling large-scale corporate actions. Given DTCC's need to process millions of dividend payments daily, the organization requires Layer 1 networks with higher throughput and stability.
DTCC Collaborates with Layer 1 Blockchains for On-Chain Corporate Actions
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