Wall Street clearinghouse Depository Trust & Clearing Corporation (DTCC) announced Wednesday that it plans to connect its tokenized securities platform to Stellar ($XLM) network, expanding on widespread efforts by Wall Street firms to move traditional financial (TradFi) assets onto blockchain rails.
Tokenized assets held by DTCC’s Depository Trust Company may become available on Stellar during the first half of 2027, DTCC and Stellar Development Foundation said in a press release shared with CoinDesk.
The companies said the integration will support blockchain-based issuance, settlement and lifecycle management of traditional securities. It also plans to explore use cases for tokenizing “highly liquid assets” such as major indexes and U.S. Treasuries.
$XLM ($XLM), Stellar’s native token soared 3% on the news before paring some gains. It rose 1.7% in the past 24 hours, outperforming Bitcoin and the broader cryptocurrency market as it rebounded.
Tokenization, the process of representing traditional assets like stocks, bonds and funds on the blockchain, has become one of Wall Street’s hottest infrastructure bets. Supporters, including bank executives, argue that blockchain-based securities have the potential to reduce settlement delays, free up collateral and allow markets to operate beyond standard trading hours.
This movement is accelerating across major financial firms and exchanges as regulators signal greater openness to on-chain market structures. Nasdaq is developing blockchain-based equity infrastructure with Kraken’s parent company Payward, and Intercontinental Exchange (ICE), owner of the New York Stock Exchange (NYSE), is supporting tokenized securities efforts related to cryptocurrency exchange OKX.
DTCC is at the heart of U.S. market infrastructure, overseeing over $114 trillion in assets, and has emerged as one of the leading traditional finance players driving tokenization.
Earlier this month, the company announced plans to begin limited live trading of tokenized assets in July, ahead of a broader rollout in October. The service follows a no-action letter granted by the SEC in December 2025, which allowed DTCC to tokenize a defined set of assets, including Russell 1000 stocks, ETFs, and U.S. Treasuries.
The partnership with Stellar forms part of DTCC’s “multi-chain” strategy, where tokenized assets can move between different blockchain networks rather than remaining tied to a single platform.
“This partnership represents another step in DTCC’s commitment to building an open, interoperable digital infrastructure that bridges traditional and digital markets,” said Frank La Sala, President and CEO of DTCC.
Nadeem 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 clearinghouses seek ‘high-performance’ blockchain to tokenize corporate activities
