Wall Street's clearing giant chose a public blockchain with compliance tools built for regulated assets, Stellar Development Foundation CEO Denelle Dixon said.
What to know : 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.
