DTCC has chosen the Stellar public blockchain as a second network for its tokenized securities program, planning to make DTC-custodied assets available on-chain in the first half of 2027. This adds Stellar to an existing multi-chain strategy and represents a major post-trade infrastructure commitment to public blockchain settlement. DTCC's involvement means the tokenization is backed by the existing US securities settlement system, not a parallel structure.
For Armada's crypto repo desk, DTCC-custodied tokenized securities on a public chain would significantly upgrade the liquidity and transferability of tokenized T-Bill collateral. If Armada accepts tokenized T-Bills, the ability to settle and transfer via DTCC-backed on-chain infrastructure reduces counterparty and custody risk. Legal and ops teams should begin evaluating Stellar integration and whether Fireblocks custody covers assets on that network.