Wall Street clearing giant connects tokenized securities platform to Stellar network beginning 2027
The Depository Trust Company, which oversees $114 trillion in assets, has selected Stellar as the first public blockchain to connect to its tokenized securities settlement platform. The integration is scheduled to launch in the first half of 2027, enabling issuance and settlement of tokenized assets directly on Stellar’s network.
The selection marks a watershed moment for institutional blockchain adoption. DTCC acquired Securrency in 2023, transforming it into DTCC Digital Assets to build infrastructure for tokenized asset lifecycle management. That team had worked closely with Stellar developers to embed compliance features directly into Stellar’s codebase, including clawback functionality, compliance controls and transfer restrictions.
Denelle Dixon, CEO of the Stellar Development Foundation, said: “Some of the team has been working with Stellar for a long time.” She emphasized the foundational role of blockchain infrastructure: “Blockchain is excellent at books and records. Tokenization is the product outcome, but it’s all these underlying components that are really important.”
The tokenized asset market has grown rapidly. The tokenized Treasury market alone has reached roughly $15 billion, with participation from major institutions including BlackRock, JPMorgan and Fidelity. Standard Chartered projects the broader tokenized asset market could reach $2 trillion by 2028. BCG and Ripple forecast the market could grow to $18.9 trillion by 2033.
Franklin Templeton has been a pioneer on Stellar. The asset manager began exploring the blockchain in 2019 and launched BENJI, a tokenized U.S. Treasury fund, on Stellar in 2021. BENJI placed fund records on a single shared ledger rather than relying on multiple databases, demonstrating how tokenization can streamline institutional record-keeping.
The compliance architecture built into Stellar reflects a design principle Dixon articulated: “The base layer is always going to be open. Then the institution gets to decide how compliance and privacy come into play.” This approach allows DTCC to maintain regulatory control while leveraging Stellar’s public infrastructure.
Tokenization converts assets such as U.S. Treasury bonds, money market funds, stocks and private credit into digital tokens that can be issued, traded and settled on blockchains. Proponents argue the technology could shorten settlement times, free up collateral trapped in legacy processes and enable markets to operate around the clock.
DTCC’s endorsement of Stellar signals confidence in public blockchain infrastructure for regulated asset settlement. The integration demonstrates how compliance-by-design can bridge the gap between institutional requirements and blockchain transparency.
