Multimetallic nanocatalysts have attracted increasing attention for steam reforming owing to highly exposed active sites, but often suffering from severe sintering. Herein, we design subnanometric Ni‐Pt bimetal clusters (ca. 1.7 nm) encapsulated in Silicalite‐1 zeolite (2Ni0.5Pt@S‐1) through ligand‐stabilized method to prevent sintering by fixing the metal into microporous channels. In the steam reforming of n‐dodecane test, 2Ni0.5Pt@S‐1 gave an excellent activity and stability with a decrease of conversion only 4% at 600°C for 4 hr, which was about a quarter that of 2Ni0.5Pt/S‐1 synthesized by co‐impregnation method, ascribing to superior sinter‐resistance of encapsulation structure. Moreover, 2Ni0.5Pt@S‐1 exhibited a higher H2 selectivity up to 69.9% than that of 2Ni0.5Pt/S‐1 (64.4%), owing to suppressed methanation reaction based on subnanometric clusters. Shape‐selective steam reforming of n‐dodecane and ofm‐xylene was also observed, because of m‐xylene could hardly diffuse into the zeolite channels due to its bulky molecular size, further preventing potential deactivation by tars in reforming process.