Krisztian Sandor
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Stellar’s XLM surges 13% after DTCC picks blockchain for tokenization push
While the broader crypto market is languishing, XLM (XLM), the native token of the Stellar Network, stand out with a 13% rally following news that Wall Street clearing giant DTCC’s plans to connect its tokenized securities platform to the blockchain.
The Depository Trust & Clearing Corporation, which processes and settles the vast majority of U.S. stock trades, stated tokenized assets custodied by its Depository Trust Company could become available on Stellar during the first half of 2027. The initiative ties Stellar to the broader push by traditional financial firms to move stocks, ETFs and Treasuries onto blockchain rails.
The price action makes XLM the best-performing token in the CoinDesk 20 Index, which was down 0.5% over the past 24 hours. Bitcoin was lower 1.5% during the same period, weighing on the crypto market.
