DTCC and Stellar to launch tokenized securities in 2027

The Depository Trust & Clearing Corporation (DTCC) has announced a partnership with the Stellar Development Foundation to bring tokenized securities to the Stellar public blockchain network, with the service expected to launch in the first half of 2027. This initiative will enable assets held in custody by DTCC’s subsidiary, the Depository Trust Company (DTC), to be represented and transferred on a blockchain.

The move follows a significant regulatory milestone: a no-action letter issued by the U.S. Securities and Exchange Commission (SEC) in December 2025. That letter granted DTCC authorization to operate a service for tokenizing real-world assets, providing a framework for the initiative to proceed under existing securities regulations. DTCC has stated that tokenized assets will retain the same investor protections, legal entitlements, and safeguards as traditional securities.

The collaboration is designed to support the full lifecycle of securities, including issuance, settlement, corporate actions, and reporting. Initial asset classes under consideration for tokenization include highly liquid instruments such as constituents of the Russell 1000 index, major index-tracking...