Yesterday at the Consensus event, DTCC CEO Frank La Salla revealed the organization is working with several L1 blockchains for its tokenization platform, which begins initial transactions in July ahead of a full October rollout. So far DTCC supports its own Ethereum compatible AppChain and the Canton Network, but the SEC no action letter it received in December outlined evaluation criteria for adding more.
“We’re working with some very good L1s right now who are focused on the ability to process at faster rates,” said La Salla. “We process millions of dividend payments a day to feed to the industry. We need high performance L1s to do that.” The DTCC has previously revealed it is exploring a purpose built and yet-to-launch L1 alongside other institutions.
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