DTCC, which is responsible for the US securities clearing and settlement infrastructure, is collaborating with multiple high-performance Layer 1 blockchains to explore migrating corporate actions such as dividend payments and tender offers onto the chain. DTCC CEO Frank La Salla stated that most blockchains currently face performance bottlenecks when handling large-scale corporate actions, and since DTCC processes millions of dividend payments daily, a Layer 1 network with higher throughput and stability is needed. (CoinDesk)

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