DTCC and Stellar Target 2027 Launch for Tokenized DTC Securities

DTCC and the Stellar Development Foundation plan to enable DTC-custodied assets to be tokenized on the Stellar network in the first half of 2027. The move expands DTCC’s multi-chain strategy for bringing traditional market assets onto regulated digital rails.

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The plan follows a No-Action Letter issued by the U.S. Securities and Exchange Commission in December 2025. That letter authorized DTC to implement and operate a service for tokenizing real-world assets held in custody. DTCC said the service is designed to let market participants use traditional assets in a digital environment while keeping the same investor protections and entitlements.

“This collaboration represents another step forward in DTCC’s efforts to build an open, interoperable digital infrastructure that bridges traditional and digital markets,” said Frank La Salla, DTCC’s president and CEO. La Salla added that tokenization could improve transaction and capital efficiency, increase transparency, and support collateral mobility.

Before launch, DTCC and SDF will study potential use cases across eligible asset classes. These may include highly liquid securities such as Russell 1000 constituents, exchange-traded funds (ETFs) tracking major indexes, and U.S. Treasury bills, notes, and bonds.

Brian Steele, DTCC managing director and president of clearing and securities services, said the firm aims to bring tokenization to markets safely and at scale. He said DTCC will use more than 50 years of clearing and settlement experience to help drive industry adoption.

The Stellar connection is one step in that wider buildout. For capital markets, it signals a shift from tokenization pilots toward infrastructure that could sit alongside core securities settlement systems.