Stellar's XLM token surged 14% in the CoinDesk 20 after DTCC selected it as the first public blockchain for its tokenized securities platform integration.

XLM rallied after US financial giant DTCC announced a partnership with the Stellar Network, but it still risks a sharp downside in the coming weeks.

The blockchain's ties to DTCC stretch back years through Securrency, while Franklin Templeton's BENJI fund helped demonstrate how regulated assets can operate on public networks.

XLM hits $0.27 and nears an $8.5B market cap on massive DTCC and Cash App news, leaving rival XRP behind in May.

Stellar's XLM token surged 14% in the CoinDesk 20 after DTCC selected it as the first public blockchain for its tokenized securities platform integration.