DTCC CEO Frank La Salla: Blockchain could become the first institutional-scale use case
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DTCC CEO Frank La Salla stated that the company is collaborating with several high-performance layer-1 blockchains to bring complex corporate actions such as dividend payments worth millions of dollars on-chain. DTCC handles approximately $20 trillion in U.S. securities transactions daily and plans to test its tokenized securities platform in July, with a full launch in October. He noted that tokenized collateral and real-time U.S. dollar liquidity may be the first major institutional use cases for blockchain, but challenges such as scalability, fragmented liquidity, and efficiency losses in net settlement still remain.
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