Here’s Why October 28 Is Crucial for XRP, XLM and HBAR Holders

A confirmation has emerged from inside the DTCC’s tokenization working group. John Hallahan, Director of Business Solutions and Advisory (EMEA) at Fireblocks, said in a video interview that the DTCC’s tokenization service launches at the end of October. “DTCC’s tokenization service is launching at the end of the month,” Hallahan said. “I believe it’s on the 28th.”

Crypto researcher SMQKE posted the video, calling it the first public confirmation from a working group participant on the official launch date.

Who Is Involved and What They’re Building

Fireblocks is a primary institutional custody and connectivity layer for digital assets. It supports multi-chain ecosystems, including XRP, XLM, and HBAR. Hallahan confirmed that Fireblocks is actively working with multiple participants in the DTCC program, including Citadel. “We’re working with several of the participants along with Citadel and being ready for that date,” he said.

Citadel’s involvement signals that high-frequency trading firms and major market makers are building infrastructure ahead of the go-live date, not watching from the sidelines.

What the DTCC Actually Does

The Depository Trust and Clearing Corporation processes over $2 quadrillion in securities transactions annually. It is the backbone of U.S. financial market settlement. Bringing tokenized securities onto blockchain rails through an institution of this scale is a significant structural development for traditional finance.

Settlement, Speed, and What Comes After

Tokenized securities on-chain enable atomic settlement, eliminating the T+1 and T+2 delays that currently define equity markets. For institutional market makers, this means real-time collateral management and 24/7 liquidity access.

Hallahan also addressed the timeline beyond the U.S. launch. “For other regions, they’re at varying levels of development,” he said. “But we’d expect, given DTCC working so well in this space, that other regions will start to move quite quickly afterwards.”

Fireblocks’ role as a connectivity layer across multiple chains positions it to bridge institutional participants toward public networks over time. Its existing support for XRP, XLM, and HBAR has drawn attention from communities tracking enterprise blockchain adoption.

Trades Expected From October 28

Hallahan was clear on what to expect after launch. “You’d expect to see some really interesting trades happening from the end of this month,” he said.

With Citadel confirmed as a participant and Fireblocks actively coordinating readiness across the working group, October 28 is shaping up as more than a soft launch. Institutional trades on tokenized securities infrastructure at DTCC scale will be worth watching closely once the service goes live.