The Depository Trust & Clearing Corporation (DTCC), a prominent entity in U.S. market infrastructure, has announced plans to link its platform for tokenized securities with the Stellar (XLM) network by 2027. This initiative is part of a broader strategy by Wall Street firms to transition traditional financial assets to blockchain technology.
According to a press release issued in conjunction with the Stellar Development Foundation, DTCC aims to have tokenized assets managed by its Depository Trust Company available on Stellar in the first half of 2027.
This integration will facilitate the issuance, settlement, and lifecycle management of blockchain-based versions of conventional securities. The companies are also looking into tokenizing "highly liquid assets," including major indices and U.S. Treasury securities.
In response to this announcement, the price of XLM rose by 3% before stabilizing at a 1.7% increase over the last 24 hours, outperforming Bitcoin and the overall crypto market, which experienced declines.
Tokenization, which involves converting traditional assets such as stocks, bonds, and funds into blockchain representations, is gaining traction as a significant infrastructure development on Wall Street. Supporters, including executives from banking institutions, argue that blockchain securities could minimize settlement times, enhance collateral utilization, and enable trading beyond conventional hours.
This trend is accelerating among major financial institutions as regulators express a willingness to adapt to on-chain market structures. For instance, Nasdaq is collaborating with Payward, the parent of Kraken, to create infrastructure for trading tokenized shares, while Intercontinental Exchange (ICE), which owns the New York Stock Exchange (NYSE), is supporting tokenized securities initiatives related to the crypto exchange OKX.
DTCC, which oversees assets exceeding $114 trillion, has positioned itself as a key player in the tokenization movement within traditional finance. Earlier this month, it revealed plans to commence limited production trading of tokenized assets in July, with a broader rollout scheduled for October. This initiative follows a no-action letter from the SEC in December 2025, which authorized DTCC to tokenize a specific range of assets, including Russell 1000 stocks, ETFs, and U.S. Treasuries.
The partnership with Stellar is part of DTCC's "multi-chain" strategy, allowing tokenized assets to be transferred across various blockchain networks rather than being confined to a single platform.
Frank La Salla, President and CEO of DTCC, remarked, "This collaboration represents another step forward in DTCC's efforts to build an open, interoperable digital infrastructure that bridges traditional and digital markets." Nadine Chakar, DTCC's global head of digital assets, added that the firm intends to engage with "multiple layer-1 and layer-2 networks."
Read more: Wall Street's clearinghouse seeks 'high-performance' blockchains to tokenize corporate actions