Ondo Finance Joins DTCC Fund/SERV Network as First Tokenization Company
- Ondo Finance’s subsidiary, Oasis Pro Markets, has joined DTCC’s Fund/SERV platform.
- DTCC processes over 85% of mutual fund transaction volume in the U.S.
- Membership allows Oasis Pro to connect with various fund companies and wealth platforms efficiently.
- Oasis Pro can mint Ethereum-based tokens backed by underlying securities held by regulated custodians.
- The arrangement enhances distribution channels for Ondo’s tokenized funds among traditional financial firms.
Joining the Fund/SERV network enables Ondo to leverage established infrastructure for its tokenized investment products, facilitating easier access to distributors already using this system. This move is seen as a significant step in bridging traditional finance with digital markets.
As the first tokenization platform in Fund/SERV, Ondo aims to expand its reach significantly, enhancing access to its products through a standardized connection that simplifies integration with multiple firms. (Source)
