Stellar Partners with DTCC to Revolutionize Tokenized Securities on Blockchain
How Stellar became part of DTCC's tokenization push for Wall Street securities onchain
Coindesk
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The Depository Trust & Clearing Corporation (DTCC) has chosen the Stellar network for its upcoming tokenized securities settlement platform, marking a significant collaboration that builds on nearly a decade of partnership. This integration aims to enhance compliance and operational efficiency in the management of tokenized assets, projected to reach $2 trillion by 2028.
- 01DTCC's integration with Stellar will facilitate the issuance and management of tokenized securities, with availability expected in the first half of 2027.
- 02The partnership leverages compliance tools developed through a collaboration with Securrency, now DTCC Digital Assets, to ensure regulatory adherence.
- 03Franklin Templeton's BENJI fund, launched in 2021, serves as a model for how regulated assets can function on public blockchains.
- 04Tokenization is anticipated to create a market worth $18.9 trillion by 2033, according to forecasts from BCG and Ripple.
- 05Stellar's infrastructure allows issuers to implement compliance measures, such as KYC checks and transaction visibility controls, on a public blockchain.
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The Depository Trust & Clearing Corporation (DTCC) has selected the Stellar network as the first public blockchain for its upcoming tokenized securities settlement platform, a decision announced by Stellar Development Foundation CEO Denelle Dixon. This collaboration builds on a nearly decade-long relationship with Securrency, which has integrated essential compliance tools into the Stellar network, enabling features like clawbacks and transfer restrictions. The integration is set to facilitate the management of tokenized assets, with a launch anticipated in the first half of 2027. Tokenization is gaining traction in both crypto and traditional finance, with projections estimating a market size of up to $18.9 trillion by 2033. Franklin Templeton's BENJI fund, one of the earliest regulated tokenized funds, exemplifies the potential of public blockchains for asset management. The Stellar network's architecture supports necessary compliance measures, allowing institutions to tailor their operations while leveraging the benefits of blockchain technology.
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The integration of Stellar with DTCC is expected to enhance the efficiency and compliance of securities transactions on blockchain, impacting financial institutions and investors.
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