How Stellar became part of DTCC's tokenization push for Wall Street securities onchain
DTCC, the Wall Street clearing giant overseeing over $114 trillion in assets, announced it will connect its upcoming tokenized securities platform to the Stellar (XLM) network starting in the first half of 2027. Stellar Development Foundation CEO Denelle Dixon revealed that the partnership dates back nearly a decade, rooted in DTCC's 2023 acquisition of Securrency, an institutional tokenization platform that worked closely with Stellar developers. They built compliance tools such as clawback functionality and transfer restrictions directly into the network for regulated assets. Tokenization, representing assets like U.S. Treasuries and stocks as digital tokens on blockchains, is projected to grow into a multi-trillion dollar market by 2033. Franklin Templeton's early adoption of Stellar for its onchain money market fund BENJI in 2021 paved the way for the current $15 billion tokenized Treasury market. Dixon emphasized that Stellar's open base layer allows institutions to layer compliance and privacy controls, making it suitable for regulated finance.
Key facts
- DTCC will connect tokenized securities to Stellar network starting H1 2027.
- DTCC oversees over $114 trillion in assets; Stellar integration supports issuance and settlement.
- Compliance features like clawback and transfer restrictions built into Stellar for regulated assets.
- Franklin Templeton launched onchain money market fund BENJI on Stellar in 2021.
- Tokenized asset market projected to reach $2 trillion by 2028 and $18.9 trillion by 2033.