The Depository Trust & Clearing Corporation (DTCC), Wall Street’s clearinghouse, said 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 (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 the Stellar Development Foundation said in a press release shared with CoinDesk.
The firms 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 to tokenize “highly liquid assets” such as major indices and US Treasury debt instruments.
XLM (XLM), Stellar’s native token, jumped 3% on the news before paring some of the gains. It’s up 1.7% over the past 24 hours, outperforming as bitcoin and the broader crypto market pulled back.
Tokenization — the process of representing traditional assets like stocks, bonds and funds on the blockchain — has become one of Wall Street’s hottest infrastructure ventures. Supporters, including bank executives, say blockchain-based securities could reduce settlement delays, release collateral and allow markets to operate beyond standard business hours.
The push has accelerated across major financial firms and exchanges as regulators signal increasing openness to the onchain market structure. Nasdaq is developing infrastructure for blockchain-based stocks with Kraken parent company Payward, while 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 the US market infrastructure and oversees more than $114 trillion in assets, has emerged as one of the key traditional financial players pushing into tokenization.
The company announced earlier this month that it plans to begin limited production trades of tokenized assets in July ahead of a wider rollout in October. This service follows a no-action letter the SEC issued in December 2025 that allowed DTCC to tokenize a defined set of assets, including Russell 1000 stocks, ETFs and US Treasuries.
The connection with Stellar is part of DTCC’s “multi-chain” strategy, where tokenized assets can move across different blockchain networks rather than 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 Chief Executive Officer of DTCC.
Nadine Chakar, DTCC’s global head of digital assets, said the firm plans to connect to “more layer-1 and layer-2 networks.”
Read more: Wall Street’s clearinghouse seeks ‘high performance’ blockchains to tokenize corporate actions
