CryptoWorld News reports that Stellar's native token XLM surged over 8% after the Depository Trust & Clearing Corporation (DTCC) announced connecting its tokenized securities platform to the Stellar blockchain. The partnership aims to bring assets held by DTCC, including Russell 1000 stocks and U.S. Treasuries, onto the chain. DTCC processed approximately $4.7 trillion in securities transactions last year. Nadine Chakar, DTCC's Global Head of Digital Assets, stated that Stellar's track record of success with institutional assets is an important factor in evaluating blockchain networks. XLM's price responded positively after the announcement, rising to about $0.16, with a gain of over 13% in the past week.

XLM16.68%
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DeepSeaColdStart
· 9h ago
Other chains are still competing in DeFi; Stellar directly connects with DTCC, with a clear differentiated approach.
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GateUser-eb706989
· 9h ago
$4.7 trillion in transaction volume, how much share can Stellar take? The potential is quite large.
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MistValleySignpost
· 9h ago
XLM's 8% surge is just the appetizer, right? The real show begins when the Russell 1000 actually goes on-chain.
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