DTCC adds Stellar as second public chain for tokenised custody assets

Key points

DTCC will enable tokenised DTC assets on Stellar in the first half of 2027, the second public blockchain supported after the Canton Network.
Neither supported chain is Ethereum-compatible, even though DTCC's own AppChain runs on EVM infrastructure.
The service, following the SEC's December 2025 no-action letter, covers Russell 1000 constituents, major index ETFs, and U.S. Treasuries.
Limited live transactions are planned for July 2026 with full launch in October; Stellar will not be available at launch.
The no-action letter requires all supported chains to restrict token movements to registered wallets and let DTC force transfers or burn tokens to correct errors or address malfeasance.

The Depository Trust & Clearing Corporation will enable tokenised DTC assets on Stellar in the first half of 2027, making it the second public blockchain the service supports after the Canton Network. Neither chain is Ethereum-compatible, even though DTCC’s own AppChain runs on EVM infrastructure.

The move extends the multi-chain strategy that followed the SEC‘s December 2025 no-action letter permitting DTC to tokenise custodied securities. The service covers Russell 1000 constituents, major index exchange-traded funds, and U.S. Treasuries. Limited live transactions are planned for July 2026, with full launch in October, but Stellar will not be available at launch.

Stellar handles tokens as native base-layer primitives rather than smart contracts, a structural difference that matters for compliance. The no-action letter requires all supported chains to restrict token movements to registered wallets and permit DTC to force transfers or burn tokens to correct errors or address malfeasance.

What this means

Infrastructure & platform: Revisit whether non-EVM chains warrant integration parity with Ethereum forks, given DTCC is prioritising native asset primitives over smart-contract interoperability. Treat Stellar's base-layer token model as a reference architecture for compliance hooks (forced transfer and burn) that may not map cleanly to EVM standards.
Compliance, legal & risk: Model how the registered-wallet and forced-transfer requirements translate across chains that handle tokens as native primitives versus contract state. The Stellar addition signals that compliance architecture, not developer ecosystem size, is driving DTCC's chain selection.
Product owner: Roadmap sequencing may need a rework if custody-tokenisation clients are expecting Ethereum compatibility by default; DTCC's live service will launch on Canton and eventually Stellar, neither of which offers EVM tooling. Treat the first-half-2027 Stellar timeline as a buffer for chain-specific integration work.

Original source

Ledger Insights

ledgerinsights.com

DTCC adds Stellar as second public chain for tokenised custody assets

Key points

Original source

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