The brief

Analyst view

• Stellar is a blockchain network optimized for cross-border payments and asset issuance, with 4.9M daily transactions in Q2 2026.
• Hosts $3.05B in tokenized RWAs including Franklin Templeton's $1.98B BENJI money market fund.
• Protocol 26 (May 2026) added compliance features. Assets enable 24/7 settlement with automated dividend distribution.

Technical approach

As reported

Consensus

Byzantine Fault Tolerant consensus

Validating nodes form quorum slices to agree on transaction ordering, enabling fast settlement without proof-of-work.

Assets

Native asset issuance and anchoring

Institutions issue assets from stablecoins to money market funds, anchored to issuers maintaining reserves.

Compliance

Protocol 26 compliance features

The May 2026 Protocol 26 upgrade added features for regulatory compliance and precision, enabling institutions to meet jurisdiction-specific requirements.

Scalability

Configurable networks

Stellar networks can be public or private/permissioned, allowing institutions to use either decentralized or controlled operation models.

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