🚨 JUST-IN: DTCC just put U.S. securities on a public blockchain for the first time.

The chain it picked: Stellar.

Russell 1000 stocks, major ETFs, U.S. Treasuries. All tokenized, with the same investor protections as the real thing.

Five months ago, @The Depository Trust & Clearing Corporation (DTCC) picked a different chain for this.

In December, it tapped Canton to tokenize DTC-custodied Treasuries. We covered it. DTCC even helped fund Canton's $135M round, alongside Goldman and Citadel.

Now it's going public with Stellar instead.

So which chain won?

Neither. DTCC is going multi-chain on purpose.

→ @Canton Network (permissioned) moves institutional Treasury collateral

→ Stellar (public) runs the tokenization service for broadly-held assets

→ Its AppChain on Hyperledger Besu handles settlement

A different chain for every job. Stellar got this one because it's run a live SEC-registered tokenized fund for five years straight. Cheap, compliant, proven.

Here's what most coverage will miss:

The chain isn't the power layer. Custody is.

Every one of these assets still sits at DTC. The blockchain is just a new wrapper on the same monopoly.

Wall Street isn't being disrupted. It's moving onchain and keeping the keys.

If you're still picking a "winning chain" to build on, you're solving the wrong problem.

Own the asset. Rent the rail.

👉 Sign up for our coming webinar with DTCC (limited spots): luma.com/ikasvtp6

🔺 Track institutional adoption in real time & join 100k+ execs: