Wall Street · CoinDesk
How Stellar became part of DTCC's tokenization push for Wall Street securities onchain
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DTCC's decision to connect its upcoming tokenized securities platform to the Stellar (XLM) network is the latest step in a relationship that stretches back nearly a decade, according to Stellar Development Foundation CEO Denelle Dixon.
Key facts
- The move carries weight because DTCC is one of Wall Street's core market utilities, overseeing more than $114 trillion in assets
- The roots of the partnership go back to Securrency, the institutional tokenization platform DTCC acquired in 2023 and became what is now DTCC Digital Assets
- Earlier this week, DTCC said tokenized assets held through its Depository Trust Company could become available on Stellar beginning in the first half of 2027
- DTCC's decision to connect its upcoming tokenized securities platform to the Stellar (XLM) network is the latest step in a relationship that stretches back nearly a decade, according to Stellar
Summary
U.S. clearing giant DTCC picked Stellar as the first public blockchain to connect to its upcoming tokenized securities settlement platform. The partnership builds on an almost decade-long partnership with Securrency, now DTCC Digital Assets, which worked with Stellar to embed compliance tools such as clawbacks, transfer restrictions and identity controls directly into the network, Stellar Development Foundation CEO Denelle Dixon said. Franklin Templeton's early work on launching the BENJI tokenized U.S. treasury fund in 2021 helped demonstrate how regulated assets can operate on public networks, Dixon added. Earlier this week, DTCC said tokenized assets held through its Depository Trust Company could become available on Stellar beginning in the first half of 2027.