DTCC said it plans to connect its tokenized securities platform to the Stellar (XLM) network, extending the push by major Wall Street firms to move traditional financial assets onto blockchain infrastructure. In a joint announcement with the Stellar Development Foundation, the firm said tokenized assets custodied by its Depository Trust Company could become available on Stellar in the first half of 2027.
Issuance, settlement and lifecycle functions are in scope
The planned integration is designed to support issuance, settlement and lifecycle management for blockchain-based versions of traditional securities. The two sides also said they will explore tokenization use cases for “highly liquid assets,” including major indices and U.S. Treasury instruments. XLM rose 3% after the announcement before giving back part of the move. Over the past 24 hours, it was still up 1.7%, while bitcoin and the broader crypto market were lower.
Wall Street tokenization efforts keep expanding
Tokenization, which puts assets such as stocks, bonds and funds on blockchain rails, has become a major infrastructure focus across traditional finance. Supporters in the banking sector argue that blockchain-based securities can reduce settlement delays, unlock collateral and extend market activity beyond standard trading hours. Other large institutions are building in the same direction. Nasdaq is developing infrastructure for blockchain-based shares with Payward, the parent company of Kraken, while Intercontinental Exchange, the owner of the New York Stock Exchange, is backing tokenized securities initiatives tied to OKX.
DTCC positions Stellar link within a multi-chain strategy
DTCC sits at the center of U.S. market infrastructure and oversees more than $114 trillion in assets. It has become one of the main traditional finance groups advancing tokenization. Earlier this month, the company said it plans to start limited production trades of tokenized assets in July, ahead of a broader rollout in October. That service follows a no-action letter granted by the SEC in December 2025, which allows DTCC to tokenize a defined set of assets including Russell 1000 stocks, ETFs and U.S. Treasuries.
DTCC said the Stellar tie-up is part of its multi-chain approach, under which tokenized assets can move across different blockchain networks rather than stay confined to one platform. DTCC President and CEO Frank La Salla said the collaboration is another step in building open and interoperable digital infrastructure linking traditional and digital markets. Nadine Chakar, DTCC’s global head of digital assets, said the firm plans to connect to “multiple layer-1 and layer-2 networks.”