AscendFi and M1XGlobal Execute First Institutional Repo on Stellar
The first institutional crypto transaction on the Stellar blockchain has been completed by AscendFi and M1XGlobal.
The first institutional crypto transaction on the Stellar blockchain has been completed by AscendFi and M1XGlobal. Stellar (XLM) is trading at ₹16.79 ($0.1769), down 0.3% since this brief published. This is an original Token Times brief based on reporting by Coinfomania, with live market data added, as of Fri, 23 Oct 2026 15:00:02 UTC.
This transaction represents a significant step in integrating blockchain technology with traditional institutional capital markets, potentially opening new avenues for liquidity and efficiency.
- AscendFi and M1XGlobal completed the first institutional repo on Stellar.
- Stellar's TVL surged 104.6% in the past week to $128.71M.
- The transaction could boost Stellar's institutional adoption.
AscendFi and M1XGlobal have successfully completed the first institutional repo transaction on the 
Stellar blockchain. This transaction is a significant development in the integration of blockchain technology with traditional capital markets.
The Stellar network has seen a notable increase in Total Value Locked (TVL), which rose by 104.6% over the past week to reach $128.71 million, according to DeFiLlama. This growth indicates increasing activity and interest in the Stellar ecosystem.
While the exact details of the repo transaction are not fully disclosed, the completion of this transaction on Stellar underscores the network's potential for institutional use. The Stellar blockchain is designed to facilitate fast and low-cost transactions, making it an attractive platform for financial institutions.
The broader crypto market remains relatively stable, with a total market cap of $2.81 trillion. 
Bitcoin is up 0.15% in the last 24 hours, while Stellar's native token, XLM, is down 0.46% over the same period. The Fear & Greed Index stands at 50, indicating a neutral market sentiment.
This development could be a catalyst for further institutional adoption of Stellar. It will be important to monitor whether other institutions follow suit and whether this leads to increased activity and value locked on the Stellar network.
Since this brief published about 56 minutes ago, Stellar (XLM) has moved from ₹16.83$0.1774 to ₹16.79$0.1769 — -0.27%.
The chart plots XLM's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution; intraday detail builds over the first day). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 XLM ≈ ₹18.31 (about $0.1769), down 0.0% over 24 hours. The rupee itself trades about 9.1% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 23, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
AscendFi and M1XGlobal Execute First Institutional Repo on S — questions & answers
What is a repo transaction?
A repo transaction is a short-term borrowing arrangement where one party sells securities to another and agrees to repurchase them later at a higher price.
Why is this transaction significant?
This is the first institutional repo on Stellar, indicating growing institutional interest in blockchain-based financial solutions.
How does this affect Stellar's market position?
The transaction could enhance Stellar's reputation as a platform for institutional financial services, potentially attracting more users and developers.
How much is 1 Stellar worth in rupee today?
About ₹18.31 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $0.1769. The rupee price moves with both XLM's US-dollar price and the USDT/INR rate; use our Stellar in rupee page for any amount.
Has Stellar's price moved since this brief was published?
XLM is down 0.27% since this brief first published — trading at ₹16.79 ($0.1769) now versus ₹16.83 ($0.1774) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Coinfomania. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.