DTCC plans to add Stellar to its tokenization service
The U.S. stock trade settlement firm Depository Trust & Clearing Corporation expects the Stellar blockchain network to join its planned tokenization service in 2027. The service would turn traditional securities into digital tokens tradable on a blockchain.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
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What happened
The Depository Trust & Clearing Corporation (DTCC), a major U.S. stock trade settlement firm, expects Stellar to join its upcoming Tokenization Service in 2027, according to its roadmap. Tokenization converts stocks and bonds into digital tokens that can be traded on a blockchain.
Why it matters
The reports state that the plan would bring Stellar into the DTCC's tokenization offering, a service that turns traditional securities into blockchain-tradable tokens.
Coverage
- Wall Street's Biggest Settlement Firm Is Lining Up Stellar for 2027. Is XLM a Better Buy Than Ethereum? (247wallst.com)
- Wall Street’s Biggest Settlement Firm Is Lining Up Stellar for 2027. Is XLM a Better Buy Than Ethereum? (Yahoo News)
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