Stellar Chosen by DTCC for Tokenized Securities Platform

Stellar Development Foundation CEO Denelle Dixon announced that the Depository Trust & Clearing Corporation (DTCC) has selected Stellar as the first public blockchain to connect with its upcoming tokenized securities settlement platform. This decision marks a significant step in institutional adoption of public blockchains, according to CoinDesk. Stellar has seen its tokenized real-world assets grow from $1 billion in December to approximately $3 billion in five months. Dixon emphasized that while the Clarity Act would aid the industry, tokenization is not solely dependent on its passage.