Key facts
- Stellar's XLM token price increased by nearly 30% to $0.2443.
- DTCC has chosen Stellar as its first public blockchain partner for tokenized securities settlement.
- DTCC oversees more than $114 trillion in assets.
- Tokenized assets on DTCC's platform are expected to go live on Stellar in the first half of 2027.
- The partnership builds on prior work with Securrency, now DTCC Digital Assets, which integrated compliance tools into Stellar.
- Franklin Templeton's BENJI tokenized U.S. Treasury fund was an early regulated tokenized fund on Stellar.
The Depository Trust & Clearing Corporation (DTCC) is a critical U.S. financial market infrastructure company responsible for post-trade settlement. Its decision to partner with Stellar for tokenizing securities represents a significant integration of traditional finance with blockchain technology. This move aims to enhance efficiency and transparency in the settlement of financial assets, potentially setting a precedent for broader adoption of DLT in capital markets.