# DTCC Tokenization Service Launches With Ondo Finance as an Ecosystem Collaborator Published: 2026-10-29T00:14:00.000Z Author: Ondo Finance Tags: Announcement URL: https://ondo.finance/blog/dtcc-tokenization-service-is-live --- The DTCC Tokenization Service is live, bringing tokenization to DTC’s established market infrastructure. Ondo is part of the DTC ecosystem alongside Broadridge, DRW, Fireblocks, and more. In July 2026, Ondo's CRCLon and SPYon marked the first time tokenized stocks have been backed by DTC Tokenized Entitlements generated through the DTCC Tokenization Service. The Depository Trust Company (DTC), a subsidiary of The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today launched the DTCC Tokenization Service (DTS). Now tokenized securities are connected to that same infrastructure. Ondo Finance is part of the DTS ecosystem alongside Broadridge, DRW, Fireblocks, and more. Today’s launch demonstrates how traditional market infrastructure can be combined with the efficiency of blockchain. Services such as the DTCC Tokenization Service can help optimize liquidity, enhance asset mobility, and support global market accessibility in an increasingly digital economy. DTC Participants (clients) can now move between traditional and tokenized forms of security entitlements for eligible securities, while tokenized entitlements retain the same ownership rights and protections as the corresponding traditionally recorded security entitlements. In May 2026, Ondo joined the DTC Digital Assets Solutions Industry Working Group, which provides feedback on DTS. In July, Ondo announced the first Ondo Stocks, CRCLon and SPYon, backed by DTC Tokenized Entitlements. The DTC Tokenized Entitlements associated with CRCL and SPY serve as digital twins of the securities underlying existing CRCLon and SPYon tokens. Today, Ondo joins a broad ecosystem of market participants, wallet providers and technology firms supporting the launch. We look forward to continued collaboration with DTCC as traditional and tokenized markets become more connected and access to the world’s most in-demand assets expand as they move onchain.