US DTCC to tokenize custodial assets on Stellar blockchain

The U.S. Depository Trust & Clearing Corporation (DTCC) has announced a plan to tokenize assets held in custody by its subsidiary, DTC, on the Stellar network in partnership with the Stellar Development Foundation. The target launch is the first half of 2027, and the tokenized assets will have the same investor protections and rights as traditional securities. Highly liquid assets are being considered for tokenization, including components of the Russell 1000 index, major index-tracking ETFs, and U.S. Treasurys. The DTCC received a no-action letter from the Securities and Exchange Commission (SEC) in December 2025, authorizing it to operate a service for tokenizing custodial assets.