The financial system is undergoing structural transformation. Cryptocurrency analyst X Finance Bull (@Xfinancebull) took note of this and published an article linking the latest findings of the Depository Trust and Clearing Corporation (DTCC) to digital asset infrastructure. DTCC's survey of cash liquidation reserves on U.S. Treasuries reveals how far this transition has progressed.
Currently, more than US$1.2 trillion in treasury bond cash activity per day is centrally cleared through FICC. Before the compliance deadline of December 31, 2026, the scale of the industry that has migrated is more than three times the size remaining to be migrated. Before that date, approximately $300 billion to $400 billion in average daily face value still needs to be relocated.
Thesurvey also found that 79% of GSD netting member respondents have completed the required account settings at FICC. In the treasury bond cash and repo markets, FICC currently clears more than $12 trillion in daily transactions.
BOOM! 
DTCC has just demonstrated how quickly traditional finance is preparing for its next form. After reading this, I am even more bullish on $XLM and $XRP. 

Its latest survey shows that more than US$1.2 trillion in US Treasury cash activity per day has been centrally cleared through FICC... -- X Finance Bull (@Xfinancebull) July 27, 2026
DTC selects Stellar for tokenized asset custody
The details that attracted X Finance Bull's attention involved DTCC's subsidiary DTC. DTC plans to make tokenized assets managed by DTC available on the Stellar network in the first half of 2027. These assets will retain the investor protection mechanism of traditional securities holding, while achieving faster settlements, longer operating times and less reconciliation requirements. Stellar's native token is XLM. X Finance Bull said he was more bullish on XLM and XRP after reading the survey results.
Ripple's institutional layout further enriches the picture
Ripple Prime, Ripple's primary brokerage arm, liquidates more than US$3 trillion in transactions every year. It serves more than 300 customers, covering digital assets, foreign exchange, derivatives, metals and fixed income repos. This transaction volume makes Ripple an active bridge between traditional financial markets and digital asset infrastructure. XRP is the native asset of the XRP Ledger built by Ripple. X Finance Bull pointed out that these are separate businesses. DTCC's treasury bond clearing volume will not be automatically transferred to Stellar, and Ripple Prime also operates independently of the Stellar agreement. "Clearing, collateral, financing and tokenized assets are moving towards connected digital systems," he wrote.
Institutional signals behind numbers
The DTCC survey received a response rate of 92% among full-service netting members of the FICC government securities division. This response rate makes the survey results of significant importance. The survey is not a forecast, but reflects the actual situation of the industry. For XRP holders, the relevance is that Ripple and XRP are positioned in institutional markets at a time when these markets are accelerating their digital transformation.

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