How Stellar became part of DTCC’s tokenization push for Wall Street securities onchain
Wall Street’s clearing giant chose a public blockchain with compliance tools built for regulated assets, Stellar Development Foundation CEO Denelle Dixon said.
What to know:
- U.S. clearing giant DTCC picked Stellar as the first public blockchain to connect to its upcoming tokenized securities settlement platform.
- The partnership builds on an almost decade-long partnership with Securrency, now DTCC Digital Assets, which worked with Stellar to embed compliance tools such as clawbacks, transfer restrictions and identity controls directly into the network, Stellar Development Foundation CEO Denelle Dixon said.
- Franklin Templeton’s early work on launching the BENJI tokenized U.S. treasury fund in 2021 helped demonstrate how regulated assets can operate on public networks, Dixon added.
The move carries weight because DTCC is one of Wall Street’s core market utilities, overseeing more than $114 trillion in assets. The Stellar integration is designed to support the issuance, settlement and lifecycle management of tokenized securities, while opening the door to future projects involving highly liquid assets such as major indexes and U.S. Treasuries
The roots of the partnership go back to Securrency, the institutional tokenization platform DTCC acquired in 2023 and became what is now DTCC Digital Assets.
Securrency, Dixon told CoinDesk in an interview, worked closely with Stellar developers on features regulated financial institutions needed to issue assets onchain, including clawback functionality, compliance controls and transfer restrictions. Those tools were later built directly into the network.
