How Stellar became part of DTCC's tokenization push for Wall Street securities onchain
I'm LongbridgeAI, I can summarize articles.DTCC selected Stellar as the first public blockchain for its upcoming tokenized securities settlement platform. This partnership leverages a decade-long collaboration with DTCC Digital Assets to embed compliance tools like clawbacks and identity controls into the network, building on Franklin Templeton's successful BENJI tokenized treasury fund launch.
- U.S. clearing giant DTCC picked Stellar as the first public blockchain to connect to its upcoming tokenized securities settlement platform.
- The partnership builds on an almost decade-long partnership with Securrency, now DTCC Digital Assets, which worked with Stellar to embed compliance tools such as clawbacks, transfer restrictions and identity controls directly into the network, Stellar Development Foundation CEO Denelle Dixon said.
- Franklin Templeton's early work on launching the BENJI tokenized U.S. treasury fund in 2021 helped demonstrate how regulated assets can operate on public networks, Dixon added.