The Depository Trust & Clearing Corporation (DTCC), Wall Street’s clearinghouse, announced plans on Wednesday to connect its tokenized securities platform to the Stellar (XLM) network, expanding Wall Street firms’ broader efforts to move traditional financial assets (TradFi) onto the blockchain rails.
Tokenized assets held by DTCC’s Depository Trust Company could become available on Stellar in the first half of 2027, DTCC and the Stellar Development Foundation said in a press release shared with CoinDesk.
The companies said the integration will support issuance, settlement and lifecycle management of blockchain-based versions of traditional securities. They also plan to explore use cases for tokenizing “highly liquid assets” such as major indexes and U.S. Treasury debt instruments.
XLM (XLM), Stellar’s native token, jumped 3% on the news before paring some of the gains. It rose 1.7% in the past 24 hours, outperforming as bitcoin and the broader crypto market retreated.
Tokenization – the process of representing traditional assets such as stocks, bonds and funds on the blockchain – has become one of the hottest infrastructure bets on Wall Street. Supporters, 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 at major financial firms and exchanges as regulators signal increasing openness to the blockchain market structure. Nasdaq is developing infrastructure for blockchain-based stocks with Kraken parent company Payward, while the Intercontinental Exchange (ICE), owner of the New York Stock Exchange (NYSE), is supporting tokenized securities initiatives linked to crypto exchange OKX.
DTCC, which sits at the center of US market infrastructure and oversees over $114 trillion in assets, has become one of the leading traditional financial players moving into tokenization.
The company announced earlier this month that it plans to begin limited production transactions of tokenized assets in July before a broader rollout in October. This service follows a no-action letter granted by the SEC in December 2025 authorizing DTCC to tokenize a defined set of assets, including Russell 1000 stocks, ETFs and U.S. Treasuries.
The tie-up with Stellar is part of DTCC’s “multi-chain” strategy, in which tokenized assets can move across different blockchain networks instead of remaining tied to a single platform.
“This collaboration represents another step in DTCC’s efforts to build an open, interoperable digital infrastructure that connects traditional and digital markets,” said Frank La Salla, DTCC President and CEO.
Nadine Chakar, DTCC’s global head of digital assets, said the company plans to connect to “multiple Layer 1 and Layer 2 networks.”
Read more: Wall Street Clearinghouse Seeks ‘High-Performance’ Blockchains to Symbolize Securities Trading
