Key Takeaways:
XLM rose nearly 10% to $0.1630 after the Depository Trust & Clearing Corp. said it plans to connect its tokenized securities platform to the Stellar blockchain by the first half of 2027.
"This collaboration represents another step forward in DTCC's efforts to build an open, interoperable digital infrastructure that bridges traditional and digital markets," Frank La Salla, president and chief executive officer of DTCC, said in a statement.
The Wall Street clearing giant, which oversees more than $114 trillion in custody assets through its Depository Trust Co. subsidiary, received a no-action letter from the U.S. Securities and Exchange Commission in December 2025 allowing it to tokenize a defined set of assets including Russell 1000 stocks, exchange-traded funds and U.S. Treasuries. DTCC plans to begin limited production trades in July ahead of a full commercial rollout in October, with more than 50 financial institutions including JPMorgan, Goldman Sachs and BlackRock participating.
The integration with Stellar advances DTCC's multi-chain strategy, allowing tokenized assets to move across different blockchain networks rather than remaining tied to a single platform. The firms plan to explore tokenization of highly liquid assets such as major index constituents and U.S. Treasury debt instruments, potentially unlocking faster settlement and extended trading hours for traditional securities.
Denelle Dixon, CEO of the Stellar Development Foundation, said Stellar's compliance-focused architecture and risk management capabilities were built to serve as a reliable rail for institutional-grade markets. "Our network was built for this moment," she said.
The move comes as Wall Street firms accelerate plans for blockchain-based securities. Nasdaq is developing infrastructure for tokenized shares with Kraken parent Payward, while Intercontinental Exchange, owner of the New York Stock Exchange, has backed tokenized securities initiatives tied to crypto exchange OKX. Tokenization proponents say blockchain-based securities could reduce settlement delays, free up collateral and allow markets to operate beyond standard trading hours.
Nadine Chakar, DTCC's global head of digital assets, said the firm plans to connect to multiple layer-1 and layer-2 networks as part of its multi-chain approach. "Stellar's proven track record with institutional assets onchain is an important factor in our evaluation of blockchain networks," she said.
XLM pared some of its initial gains and was up about 2% over the past 24 hours, outperforming bitcoin and the broader crypto market, which traded lower. The token changed hands at $0.1580 as of 14:30 UTC.
This article is for informational purposes only and does not constitute investment advice.
