DTCC Taps Stellar for $114 Trillion Stock Tokenization Project

The Depository Trust & Clearing Corporation (DTCC) has chosen Stellar (XLM) as the blockchain for its $114 trillion stock tokenization project. The Real-World Asset (RWA) platform is set to go live on Stellar at the beginning of 2027.

Stellar's CEO, Denelle Dixon, says that Stellar was built for this from day one and has a natural advantage due to its tech stack and compliance-first features.

The company's relationship with DTCC goes back several years, with the two working together during the 2018-2019 period. The DTCC's Managing Director & Chief Technology Officer (CTO) Dan Doney praised Stellar Development Foundation, saying 'The Stellar Development Foundation Team is top notch. Their network has been trusted for many years - the efficiency and scale of their network makes trading and corporate actions processing practical & blazing fast.'

This partnership is significant because it highlights the growing adoption of blockchain technology in traditional finance. The fact that DTCC chose Stellar over other popular blockchains also suggests that the company's tech stack and compliance-first features are major advantages.