DTCC Partners with Stellar to Launch Tokenized Securities Service

The Depository Trust and Clearing Corporation (DTCC), a central clearinghouse for US securities, has partnered with Stellar to launch a tokenized securities service on its public blockchain. This move marks a significant event in the crypto space as DTCC is the backbone of US securities markets, touching almost every trade made.

The initial scope of the project covers Russell 1000 stocks, major index ETFs, and US Treasuries, with the tokenized assets carrying the same investor protections and entitlements as their traditional counterparts. The $114 trillion figure mentioned in headlines refers to the total value of assets DTCC oversees across all US capital markets, not the amount being tokenized on Stellar.

Stellar was chosen for its compliance-focused features, which align with DTCC's regulatory requirements. This deal is a significant step towards institutional adoption and has contributed to XLM's recent price surge.