XLM soars 80% after Stellar's landmark DTCC partnership for asset tokenization
Stellar’s native token, XLM, has surged in value over the past week. The price jump follows a major partnership announcement between the Stellar Development Foundation and the Depository Trust & Clearing Corporation (DTCC). As one of the largest financial infrastructure firms globally, DTCC oversees over $114 trillion in assets and plays a central role in U.S. markets. The rally began after DTCC and the Stellar Development Foundation revealed plans to tokenise assets held by DTC, a DTCC subsidiary, on the Stellar network. Since then, XLM’s price has climbed sharply, reaching $0.253—a 19% increase in the last 24 hours alone. Over the past week, the token has gained roughly 80%.
On Saturday, XLM hit $0.297, its highest level since November 2021. The rise comes as the token broke above key resistance levels, surpassing its 50-day and 200-day moving averages at $0.164 and $0.19, respectively. Technical indicators also turned bullish, with a golden cross forming on short-term charts, including the 1-hour, 2-hour, and 3-hour timeframes. Market confidence in XLM has grown, reflected in a significant rise in perpetual futures Open Interest (OI). This suggests stronger demand and optimism about the token’s short- to medium-term performance. Stellar’s market capitalisation now stands at $8.49 billion, placing it 14th in the global crypto rankings.
The partnership with DTCC has driven renewed interest in Stellar’s blockchain for asset tokenisation. XLM’s price movement and technical signals point to sustained momentum in the near term. With a market cap of $8.49 billion, the token remains a key player in the evolving digital asset space.
