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DTCC and Stellar Development Foundation unveil tokenisation plans
27 May 2026 US
Image: Krot_Studio/stock.adobe.com
The Depository Trust & Clearing Corporation (DTCC) and the Stellar Development Foundation (SDF), a non-profit supporting the growth of the Stellar blockchain network, have announced collaborative plans.
The firms intend to enable the tokenisation of Depository Trust Company (DTC)-custodied assets on the Stellar network, which spans securities, payment, and remittance.
The initiative follows DTCC’s receipt of a No-Action Letter from the US Securities and Exchange Commission (SEC), permitting it to proceed with the implementation and operation of a service to tokenise real-world, DTC-custodied assets.
Both firms anticipate the assets to be available on Stellar in the first half of 2027 and, in the interim, will evaluate additional tokenisation use cases for eligible asset classes consistent with DTC’s regulatory obligations.
Speaking on the initiative, Frank La Salla, president and CEO of DTCC, says: “We are committed to expanding opportunities for market participants to utilise tokenised assets to access deeper liquidity, achieve greater efficiency and increase transparency on a public blockchain, while retaining the same investor protections and safeguards participants are used to today for traditionally held assets at DTC.”
Denelle Dixon, CEO and executive director of SDF, states: “Our network was built for this moment – we have always believed that blockchain's utility for finance is to be the rail that institutional-grade markets can depend on.”
Brian Steele, DTCC managing director, president of clearing and securities services, comments: “DTCC is focused on unlocking opportunities to drive tokenisation safely, fairly and at scale to help market participants improve capital efficiency, liquidity and resilience across global markets within a trusted, regulated framework.”
Nadine Chakar, DTCC managing director, global head of DTCC digital assets, adds: “We are excited to integrate multiple L1 and L2 networks to ensure interoperability and open access for users of the DTC tokenisation service.”
The firms intend to enable the tokenisation of Depository Trust Company (DTC)-custodied assets on the Stellar network, which spans securities, payment, and remittance.
The initiative follows DTCC’s receipt of a No-Action Letter from the US Securities and Exchange Commission (SEC), permitting it to proceed with the implementation and operation of a service to tokenise real-world, DTC-custodied assets.
Both firms anticipate the assets to be available on Stellar in the first half of 2027 and, in the interim, will evaluate additional tokenisation use cases for eligible asset classes consistent with DTC’s regulatory obligations.
Speaking on the initiative, Frank La Salla, president and CEO of DTCC, says: “We are committed to expanding opportunities for market participants to utilise tokenised assets to access deeper liquidity, achieve greater efficiency and increase transparency on a public blockchain, while retaining the same investor protections and safeguards participants are used to today for traditionally held assets at DTC.”
Denelle Dixon, CEO and executive director of SDF, states: “Our network was built for this moment – we have always believed that blockchain's utility for finance is to be the rail that institutional-grade markets can depend on.”
Brian Steele, DTCC managing director, president of clearing and securities services, comments: “DTCC is focused on unlocking opportunities to drive tokenisation safely, fairly and at scale to help market participants improve capital efficiency, liquidity and resilience across global markets within a trusted, regulated framework.”
Nadine Chakar, DTCC managing director, global head of DTCC digital assets, adds: “We are excited to integrate multiple L1 and L2 networks to ensure interoperability and open access for users of the DTC tokenisation service.”
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