Recently, during a live demonstration of their project, the DTCC announced plans to tokenize the stock market, prompting speculation about the future of XRP and XLM.
DTCC Announcement on Tokenization
During a recent live call, the Depository Trust & Clearing Corporation (DTCC) presented plans for tokenizing the stock market. It was stated that the instant settlement mechanism would involve XRP and XLM. Commentator Brett noted the scale of DTCC’s operations, which handles over $2.5 to $3 quadrillion annually.
Community Reaction to the Statement
Despite the enthusiasm conveyed by Brett and others in the digital asset community, caution is urged regarding the interpretation of these statements. An X user identified as Carace stated that "there is no evidence that DTCC has taken a specific stance on XRP," clarifying that DTCC focuses on leveraging distributed ledger technology for securities settlement without confirmed integration of XRP.
Outlook for XRP and XLM
While the recent DTCC demonstration signals the organization's intent to modernize its settlement processes through tokenization and blockchain technology, claims regarding XRP and XLM serving as the core mechanisms for this transformation remain speculative. There is currently no official documentation or corporate statements confirming the integration of these digital assets into DTCC’s operational framework.
The DTCC's announcement on stock market tokenization opens new prospects for the financial industry, yet clear confirmations of the integration of digital assets into their operations are still lacking.
