Stellar Adoption Surges! DTCC Tokenization, MoneyGram's Stablecoin & Bermuda Onchain! | Denelle Dixon

**Denelle Dixon** (0:00)
Everybody talks about blockchain being immutable, but what's immutable is the history. And having an immutable history makes it so that nobody can change it in an open public network because no one controls it, and that is the beauty of it. The idea of being able to have that security that you know that that money is sitting in your wallet, you're the one with the keys, you're the one who controls it, you're the one who gets to decide where it gets spent, that's a very refreshing notion.

**Tony Edward** (0:32)
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Thank you, Tony Edward, and joining me today is Denelle Dixon, who is the CEO and Executive Director at the Stellar Development Foundation. Denelle, great to have you back on.

**Denelle Dixon** (3:08)
Well, I'm so happy to be here. Thanks for having me, Tony.

**Tony Edward** (3:10)
Yeah, Denelle, we've spoken so many times over the years. I'm a big fan of what Stellar is doing, and Stellar's ecosystem continues to grow with incredible adoption. So I would love to kick it off with US clearing giant DTCC selected Stellar as the first public blockchain to do some tokenization of securities and much more. Tell us about this partnership and what's going to be happening here.

**Denelle Dixon** (3:33)
Well, you kind of said it right there. That's the headline is the substance, meaning that they have selected the Stellar network to be the first public network, open public network that they're using to be able to tokenize these securities, some ETFs and some money market funds, and hopefully just so much more. I mean, they have trillions of dollars of settlement that goes through them on a daily basis. And it's really amazing to think about that happening, even percentages of that happening on Stellar. So we're really excited.

**Tony Edward** (4:05)
Denelle, I know the answer to this, but I want to make sure the audience, those who are new to crypto and blockchain understand what's happening here, because there are larger chains out there that get a lot of press and PR, but Stellar continues to grow and get incredible adoption.
Not saying you're a small blockchain, but rather, there's usually major headlines around Ethereum, but Stellar continues to have tangible, real results here. Why do you think these institutions trust Stellar so much?

**Denelle Dixon** (4:33)
It's a great question. And I think it's because Stellar was built with asset issuance and payments in mind. That was from the inception of Stellar. We built for institutions. We built for them even when they weren't here. We really focused on all of those things that institutions would need to be able to have their regulated assets to some extent and even the unregulated assets on Stellar. You want callback functionality and freezing and the ability to really control when KYC happens with respect to your assets. And that was all built in at the base layer for Stellar from the inception and improved upon throughout the years. And really, this is what regulated institutions need to be able to put securities on a blockchain. They want to be able to move their books and records there, but they can't do that unless they're able to control these assets in similar ways that they do in the traditional world. And so I think that because we built for those institutions from day one and we thought about those institutions as sort of the customer, one of the customers, because when you think about payments, then you take those assets and then you can do things with them, I think that that's why Stellar gets the attention and gets the lion's share of these institutions that want to be able to take these assets to the market.