The Depository Trust & Clearing Corporation (DTCC), Wall Street’s clearinghouse, said on Wednesday it plans to connect its tokenized securities platform to the Stellar (XLM) network, expanding a broader effort by Wall Street firms to move traditional financial assets (TradFi) onto blockchain rails.
Tokenized assets held by DTCC’s Depository Trust Company could be 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 would support the 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 indices and U.S. Treasury debt instruments.
XLM (XLM), Stellar’s native token, rose 3% on the news before paring some of the gains. It is up 1.7% in the last 24 hours, outperforming as Bitcoin and the broader cryptocurrency market retreated.
Tokenization — the process of representing traditional assets like stocks, bonds and funds on blockchain — has become one of Wall Street’s hottest infrastructure bets. Proponents, including banking executives, say blockchain-based securities could reduce settlement delays, free up collateral and allow markets to operate beyond standard trading hours.
Momentum has accelerated across major financial firms and stock exchanges as regulators signal growing openness to the on-chain market structure. Nasdaq is developing infrastructure for blockchain-based stocks with Payward, Kraken’s parent company, while Intercontinental Exchange (ICE), owner of the New York Stock Exchange (NYSE), supports tokenized securities initiatives linked to crypto exchange OKX.
DTCC, which sits at the center of the US market infrastructure and oversees more than $114 trillion in assets, has emerged as one of the key traditional financial players driving tokenization.
The company announced earlier this month that it plans to begin limited production operations of tokenized assets in July before a broader launch in October. That service follows a no-action letter the SEC granted in December 2025, allowing DTCC to tokenize a defined set of assets, including Russell 1000 stocks, ETFs and U.S. Treasury bonds.
The partnership with Stellar forms part of DTCC’s “multi-chain” strategy, where tokenized assets can move across different blockchain networks instead of remaining tied to a single platform.
“This collaboration represents another step forward in DTCC’s efforts to build an open, interoperable digital infrastructure that bridges traditional and digital markets,” said Frank La Salla, president and CEO of DTCC.
Nadine Chakar, global head of digital assets at DTCC, said the company plans to connect to “multiple Layer 1 and Layer 2 networks.”
Read more: Wall Street clearinghouse seeks ‘high-performance’ blockchains to tokenize corporate actions
