Stellar's Tokenization Service Launch Date Set for October
The price of XLM has been stagnant since DTCC announced in May that its tokenization service would connect with the Stellar public blockchain. However, a recent development indicates that Stellar may still have a significant catalyst ahead.
DTCC is reportedly preparing to launch its tokenization service in October, and Stellar is expected to be part of this rollout. Tokenized DTC assets are expected to become available on the network in the first half of 2027.
The current price of XLM is $0.172, which has been steadily given back some of its recent gains. The token's 14-day RSI was near neutral, and the MACD has turned weaker. Derivatives also look fairly weak, with aggregated open interest falling from about $95 million to $78.6 million over the past week.