DTCC Collaborates with Blockchains to Bring Corporate Actions on-Chain

The Depository Trust & Clearing Corporation (DTCC), a leading provider of post-trade services for the financial industry, is exploring the potential of blockchain technology to streamline complex corporate actions.

According to DTCC CEO Frank La Salla, the company is working with several high-performance layer-1 blockchains to develop solutions that can handle tasks such as dividend payments worth millions of dollars on-chain.

This ambitious project aims to take advantage of the efficiency and scalability of blockchain technology to reduce costs and increase speed in processing corporate actions. DTCC handles approximately $20 trillion in U.S. securities transactions daily, making it a significant player in the financial industry.