DTCC CEO revealed at the Consensus conference that they are collaborating with multiple high-performance Layer 1 blockchains to migrate corporate actions such as dividend payments and tender offers onto the chain.

This clearing giant, which processes $20 trillion in transactions daily, plans to launch a test of a tokenized securities platform in July and promote it in October. Tokenized collateral could become the first large-scale institutional application on blockchain.
This is not an experiment, but a structural overhaul of Wall Street’s financial infrastructure. When clearinghouses themselves begin to embrace blockchain, tokenization shifts from a fringe narrative to a core infrastructure.
But the risks are also evident: issues such as scalability, liquidity fragmentation, and net settlement efficiency have yet to be resolved. If on-chain processing speeds cannot keep up with traditional systems, it could instead become a bottleneck.