Wall Street's clearinghouse is bringing $114 trillion in custody assets onto the Stellar blockchain, the largest institutional tokenization push to date.
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DTCC to tokenize $114 trillion in assets on Stellar by 2027
Wall Street's clearinghouse is bringing $114 trillion in custody assets onto the Stellar blockchain, the largest institutional tokenization push to date.
The Depository Trust & Clearing Corp. plans to connect its tokenized securities platform to the Stellar network by the first half of 2027, bringing $114 trillion in custody assets onchain. The integration follows a no-action letter from the SEC in December 2025 authorizing DTC to tokenize real-world assets including Russell 1000 stocks, ETFs and US Treasuries.
"DTCC is the backbone of global capital markets, and integrating their tokenization service with Stellar connects public blockchain networks to regulated market infrastructure," Denelle Dixon, CEO and executive director of the Stellar Development Foundation, said.
The partnership will support the full asset lifecycle — issuance, settlement, corporate actions and reporting — for blockchain-based versions of traditional securities. DTCC and SDF plan to evaluate tokenization of highly liquid assets such as Russell 1000 constituents, ETFs tracking major indices and US Treasury debt instruments. XLM, Stellar's native token, rose 3% on the news before paring gains to trade up 1.7% over 24 hours, outperforming a broader crypto market pullback.
The move expands DTCC's multi-chain strategy, where tokenized assets can move across different blockchain networks rather than remaining tied to a single platform. Nadine Chakar, DTCC's global head of digital assets, said the firm plans to connect to "multiple layer-1 and layer-2 networks." Wall Street firms and exchanges are accelerating similar efforts: Nasdaq is developing infrastructure for blockchain-based shares with Kraken parent Payward, while Intercontinental Exchange, owner of the New York Stock Exchange, is backing tokenized securities initiatives tied to crypto exchange OKX.
DTCC, which oversees more than $114 trillion in assets through its depository subsidiary, announced earlier this month that it plans to begin limited production trades of tokenized assets in July ahead of a wider rollout in October. The company processed securities transactions valued at $4.7 quadrillion in 2025.
Tokenization — representing stocks, bonds and funds as blockchain-based tokens — has become one of Wall Street's most actively pursued infrastructure upgrades. Proponents say blockchain-based securities could reduce settlement delays, free up collateral and allow markets to operate beyond standard trading hours. The SEC's no-action letter to DTCC in December 2025 marked a regulatory turning point, signaling growing openness to onchain market structure.
For Stellar, the partnership represents the most significant institutional validation of its network since its founding in 2014. The blockchain, originally focused on cross-border payments and remittances, has increasingly positioned itself as a compliance-friendly platform for tokenized real-world assets, competing with Ethereum-based tokenization platforms and private permissioned ledgers.
This article is for informational purposes only and does not constitute investment advice.
[1] XRP Community Reacts to Stellar's Tokenization Breakthrough[2] DTCC plans to bring tokenized assets to Stellar in latest Wall Street blockchain push[3] DTCC’s tokenization service to connect with Stellar public blockchain[4] DTC's Tokenization Service to Connect with Stellar Public Blockchain as DTC Advances its Multi-Chain Strategy[5] Stellar Development Foundation: DTC's Tokenization Service to Connect with Stellar Public Blockchain as DTC Advances its Multi-Chain Strategy
