- First tokenization company to join the operational backbone of the U.S. fund industry.
- This paves the way for Ondo tokenized funds to reach traditional fund distributors already connected to DTCC’s Fund/SERV, which processes more than 85% of U.S. mutual fund transaction activity.
- A critical piece of infrastructure is now in place for tokenized funds to scale to mainstream adoption.
Ondo Finance, a leading tokenization company bringing institutional-quality financial products to the digital economy and The Depository Trust & Clearing Corporation (DTCC), the premier market infrastructure for the global financial services industry, today announced that Ondo Finance’s subsidiary Oasis Pro Markets, a U.S. registered broker-dealer and distributor of tokenized investment products, has joined DTCC's Fund/SERV platform as a member, becoming the first tokenization platform to participate in the industry's leading fund transaction processing and distribution network that currently serves over 85% of U.S. mutual fund activity. This paves the way for Ondo tokenized funds to be distributed across the traditional fund ecosystem, furthering DTCC’s strategy to support tokenized assets and facilitate interoperability across the traditional and digital finance ecosystems.
By joining Fund/SERV, Ondo Finance’s subsidiary Oasis Pro Markets connects to the operational backbone of the U.S. fund industry. Rather than building bespoke integrations fund by fund, Oasis Pro Markets can now transact with fund companies, wealth platforms, and service providers. With seamless interoperability for account-level data, transaction confirmations, reconciliation, fund distributions, tax reporting, and regulatory reporting, a critical piece of infrastructure is now in place for tokenized funds to scale to mainstream adoption.
"As financial markets continue to evolve, interoperability between traditional infrastructure and digital asset ecosystems will be critical to achieving scale and broad market adoption," said Talia Klein, Managing Director and Head of Wealth & Investment Solutions, DTCC. "Ondo’s participation in Fund/SERV demonstrates how established industry infrastructure can support the next phase of market evolution by connecting fund innovation with trusted standards, seamless scalability, operational resiliency and industry connectivity."
DTCC's unique position at the intersection of traditional and digital markets enables the organization to help facilitate greater connectivity across evolving infrastructure and introduce the connectivity layer for the next generation of capital markets.
“We’re excited to be the first tokenization platform to become part of Fund/SERV, establishing a direct connection between tokenized funds and traditional fund distributors through DTCC,” said Ian De Bode, Acting CEO & President, Ondo Finance. “Through a single standardized connection, Ondo’s subsidiary Oasis Pro Markets can transact with fund companies, wealth platforms, and service providers without requiring separate integrations. A key piece of infrastructure is now in place for tokenized funds to scale to mainstream adoption.”
