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DTCC Targets First Half of 2027 for Stellar Linkup on Tokenized Assets
Summary
- US securities depository and clearinghouse operator DTCC unveiled a plan to link tokenized assets with the Stellar (XLM) network.
- DTCC and the Stellar Development Foundation (SDF) plan to connect a tokenized securities platform to the Stellar network in the first half of 2027, enabling blockchain-based issuance, settlement and lifecycle management for traditional securities.
- The two organizations also plan to examine tokenization use cases for highly liquid assets including major stock indexes and US Treasuries, while Stellar traded at $0.1531, up 1.7%% from a day earlier, after the news.
Forecast Trend Report by Period
The Depository Trust & Clearing Corporation, the US securities depository and clearinghouse operator, has outlined plans to link tokenized assets with the Stellar network.
CoinDesk reported on May 27 that DTCC is working with the Stellar Development Foundation, or SDF, to connect a tokenized securities platform to the Stellar network in the first half of 2027.
The two organizations aim to enable tokenized assets held at the Depository Trust Company, DTCC’s depository subsidiary, to be used on the Stellar network. The platform is intended to provide blockchain-based issuance, settlement and lifecycle management for traditional securities.
They also plan to jointly examine tokenization use cases for highly liquid assets, including major stock indexes and US Treasuries.
Stellar rose briefly after the news. As of 11:15 p.m. on May 27, the token was trading at $0.1531, up 1.7% from a day earlier, according to CoinMarketCap.
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