DeFi, payments, tokenization, Soroban, governance, and project launches — curated daily from publications, project blogs, and community channels across the Stellar blockchain ecosystem.
Franklin Templeton's Franklin OnChain U.S. Government Money Fund, the first U.S.-registered mutual fund to process transactions and record share ownership on Stellar, surpassed $270 million in assets under management. The fund uses Stellar's blockchain for transaction activity and is available through the Benji Investments app.
Stellar introduces asset tokenization capabilities with the Stellar Asset Sandbox, a testnet tool by Cheesecake Labs that enables issuers to create, manage, and control assets using native protocol features like minting, burning, freezing, and clawback operations.
WisdomTree gained SEC approval for nine blockchain-enabled funds that maintain secondary ownership records on Stellar and Ethereum blockchains. The funds, which invest in US Treasurys, equities, and other traditional assets, will launch on WisdomTree Prime mobile app next quarter.
SDF invested $10 million in NetXD Inc., a Web3 platform for asset securitization and digital asset custody. NetXD will build on Stellar, leveraging its compliance features and native capabilities to enable embedded finance for businesses.
Grayscale is facing SEC scrutiny over whether Stellar (XLM), Zcash (ZEC), and Horizen (ZEN) tokens are securities, with the asset manager shifting its legal stance in recent filings to acknowledge these assets may currently qualify as securities under federal law.
Task.io, a mobile app built on Stellar, partners with Biochar Life to incentivize smallholder farmers in developing countries to produce biochar instead of burning agricultural waste. For each metric ton of carbon sequestered, one STS token is minted on Stellar and sold to carbon offset buyers, with proceeds funding farmer communities.
Grayscale Stellar Lumens Trust began trading on OTCQX under ticker GXLM, alongside new Grayscale trusts for Horizen and Zcash. This marks the first time XLM is available as a publicly-quoted security on a U.S. market.
Stellar's built-in asset issuance capabilities, compliance features, and consensus protocol make it well-suited for central bank digital currencies. The network offers security and control comparable to centralized systems while enabling interoperability on a public blockchain.
THORWallet now supports Stellar asset management with single and multisig wallets, enabling XLM and USDC swaps on mobile. The integration includes Blend protocol access for yield generation, bringing institutional-grade DeFi security to Stellar.
Stellar Protocol 17 introduced Asset Clawback on June 1st, 2021, enabling issuers to recover tokens from holders with opt-in consent. This feature facilitates regulated asset issuance like bonds and equities while maintaining transparency through visible account flags.
The Stellar public network successfully upgraded to Protocol 17 on June 1, 2021, introducing Asset Clawback—a feature enabling businesses to issue regulated financial instruments like bonds and equities while maintaining compliance capabilities.
Stellar Protocol 17 introduces asset clawback, enabling regulated financial instruments like bonds and equities to comply with securities regulations requiring issuer revocation abilities. Validators will vote on the upgrade June 1, 2021.
BitGo becomes the first major custody provider to support Stellar USDC, enabling institutions to securely hold the stablecoin while leveraging Stellar's fast settlement and negligible transaction fees for moving funds between exchanges.
The Stellar Development Foundation explains Issuer-Enforced Finality, a key feature enabling stablecoin issuers to maintain authoritative control over asset ownership on a permissionless network, contrasting Stellar's approach with Ethereum's vulnerability to double-spend attacks.
Crypto.com added XLM to its Crypto Earn product, offering users up to 8% annual returns on Stellar deposits with weekly payouts and flexible terms.
Franklin Templeton will use Curv's MPC wallet solutions to secure tokenized shares of its government money market fund on Stellar, enabling instant access and client autonomy over $700B+ in assets.
Franklin Templeton filed with the SEC to launch a blockchain-based mutual fund for government securities, recording fund share ownership on the Stellar blockchain to improve transparency and reduce settlement times while keeping investor mechanics hidden.
Franklin Templeton filed an SEC prospectus for a money market fund whose shares would be recorded on the Stellar Network. The fund would invest in government securities and cash, with shares purchasable through the firm's app starting at $20 minimum.
Anchorage, an Andreessen Horowitz-backed institutional crypto custodian, is now supporting Stellar and Tezos assets. The firm offers staking rewards between 1-7% and aims to compete with Coinbase and BitGo for institutional investors.
Stellar Development Foundation launched a redesigned stellar.org website featuring improved developer tools, clearer messaging about the network's capabilities in asset issuance and payments, and a new interactive Runkit for getting started.
Binance will airdrop 9.5 million XLM to users and introduce staking rewards after discovering it had been staking customer Lumens since August 2018 without sharing the rewards.
