Wall Street's clearinghouse seeks 'high-performance' blockchains to tokenize corporate actions

Burns Brief

DTCC CEO Frank La Salla said the clearing giant is working with layer-1 blockchains to bring millions in corporate actions like dividend payments onchain, but challenges remain Market participants are carefully weighing the implications, with the outcome likely to depend on broader macro conditions and volume. Watch for volume confirmation — a breakout above average volume would signal the trend is likely to continue.