Summary
- The US securities depository and clearinghouse DTCC has unveiled a plan to link tokenized assets on the Stellar (XLM) network.
- DTCC and the Stellar Development Foundation (SDF) plan to connect a tokenized securities platform to the Stellar network by the first half of 2027 to provide blockchain-based issuance, settlement and lifecycle management for traditional securities.
- The two sides also plan to review tokenization use cases for highly liquid assets including major stock indexes and US Treasuries, while Stellar (XLM) traded at $0.1531, up 1.7%% from a day earlier, after the news.
Forecast Trend Report by Period
Depository Trust & Clearing Corp. plans to link tokenized assets to the Stellar network, according to a May 27 CoinDesk report.
DTCC said it will work with the Stellar Development Foundation, or SDF, to connect its tokenized securities platform to the Stellar network in the first half of 2027.
The two organizations aim to enable tokenized assets held at the Depository Trust Company, DTCC's depository unit, to be used on the Stellar network. The effort is intended to provide blockchain-based issuance, settlement and lifecycle management for traditional securities.
They also plan to jointly examine tokenization use cases for highly liquid assets, including major stock indexes and US Treasuries.
Stellar rose briefly after the news. As of 11:15 p.m., XLM was trading at $0.1531, up 1.7% from a day earlier, according to CoinMarketCap.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
