DTCC plans to bring tokenized assets to Stellar in latest Wall Street blockchain push
The U.S. market infrastructure giant targets connecting tokenized stocks, ETFs and Treasuries to Stellar in the first half of 2027.
- Wall Street clearing giant DTCC said it plans to connect its tokenized securities platform to Stellar by 2027.
- The move expands DTCC's multi-chain strategy for blockchain-based securities settlement.
- Wall Street firms and exchanges are accelerating plans for tokenized stocks and Treasuries.
The Depository Trust & Clearing Corporation (DTCC), Wall Street's clearinghouse, said Wednesday it plans to connect its tokenized securities platform to the Stellar (XLM) network, expanding a broader effort by Wall Street firms to move traditional financial (TradFi) assets onto blockchain rails.
Tokenized assets custodied by DTCC's Depository Trust Company could become available on Stellar during the first half of 2027, DTCC and the Stellar Development Foundation said in a press release shared with CoinDesk.
The firms said the integration would support issuance, settlement and lifecycle management of blockchain-based versions of traditional securities. They also plan to explore use cases to tokenize "highly liquid assets" such as major indices and U.S. Treasury debt instruments.
XLM (XLM), the native token of Stellar, jumped 3% on the news before paring some of the gains. It was up 1.7% over the past 24 hours, outperforming as bitcoin and the broader crypto market pulled back.
Tokenization — the process of representing traditional assets like stocks, bonds and funds on blockchain — has become one of Wall Street’s hottest infrastructure bets. Proponents, including bank executives, say blockchain-based securities could reduce settlement delays, free up collateral and allow markets to operate beyond standard trading hours.
The push has accelerated across major financial firms and exchanges as regulators signal growing openness to onchain market structure. Nasdaq is developing infrastructure for blockchain-based shares with Kraken parent company Payward, while Intercontinental Exchange (ICE), owner of the New York Stock Exchange (NYSE), is backing tokenized securities initiatives tied to crypto exchange OKX.
DTCC, which sits at the center of U.S. market infrastructure and oversees more than $114 trillion in assets, has emerged as one of the key traditional finance players pushing into tokenization.
The company announced earlier this month that it plans to begin limited production trades of tokenized assets in July ahead of a wider rollout in October. That service follows a no-action letter the SEC granted in December 2025 allowing DTCC to tokenize a defined set of assets, including Russell 1000 stocks, ETFs and U.S. Treasuries.
The tie-up with Stellar forms part of DTCC's "multi-chain" strategy, where tokenized assets can move across different blockchain networks instead of remaining tied to a single platform.
"This collaboration represents another step forward in DTCC's efforts to build an open, interoperable digital infrastructure that bridges traditional and digital markets," said Frank La Salla, President and Chief Executive Officer of DTCC.
Nadine Chakar, DTCC's global head of digital assets, said that the firm plans to connect to "multiple layer-1 and layer-2 networks."
Read more: Wall Street's clearinghouse seeks 'high-performance' blockchains to tokenize corporate actions
Wall Street's clearing giant chose a public blockchain with compliance tools built for regulated assets, Stellar Development Foundation CEO Denelle Dixon said.
- 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...