TLDR
- Ondo joins DTCC’s working group to support tokenization plans for U.S. capital market infrastructure services.
- DTCC says tokenization can improve liquidity, transparency, and efficiency across trusted market systems for investors.
- The group brings major banks, asset managers, exchanges, payment firms, and digital asset companies together.
- Ondo’s role follows its growth across tokenized stocks, ETFs, and U.S. Treasury products this year.
- The project brings Wall Street’s tokenization work closer to settlement, custody, and reporting functions onchain
Ondo Finance has been selected for DTCC’s Industry Working Group on tokenization. The group will help shape tokenization services for U.S. capital markets. The move places Ondo beside major finance and digital asset firms.
Ondo Selected for DTCC Tokenization Group
Ondo Finance said it joined the DTCC Industry Working Group on May 4. The group will support the design of tokenization services in the United States. Its work focuses on capital market systems and blockchain-based market tools.
DTCC is building services that can move market functions closer to onchain rails. These functions include settlement, custody, distribution, and reporting. The project also covers market structure and trusted financial processes.
The working group includes BlackRock, Goldman Sachs, J.P. Morgan, and Franklin Templeton. It also includes Morgan Stanley, Bank of America, Citadel Securities, and NYSE Group. Circle, Fireblocks, Robinhood, and other firms also joined the effort.
DTCC Pushes Tokenization for U.S. Markets
DTCC plays a central role in U.S. financial market infrastructure. The company safeguards about $114 trillion in assets, based on the provided figures. It also clears more than $3.7 quadrillion in transactions each year.
The company has supported U.S. markets for more than 50 years. Now, it is working on tokenization services for core market operations. The plan links blockchain tools with systems that large institutions already use.
DTCC President and CEO Frank La Salla described tokenization as a major market shift. He said it could bring “new levels of liquidity, transparency and efficiency to investors.” The statement shows DTCC’s focus on practical market use cases.
Ondo Brings Tokenized Asset Experience
Ondo has grown across tokenized stocks, ETFs, and U.S. Treasury products. The company says it is the largest tokenizer of stocks and ETFs. It also describes itself as one of the largest tokenizers of U.S. Treasuries.
Its selection gives the working group input from an active tokenized asset firm. Ondo can offer views on issuance, investor access, and reporting. It can also share experience from digital asset distribution.
The announcement comes as traditional finance firms test blockchain use in market operations. DTCC’s group brings banks, asset managers, exchanges, and crypto firms into one process. However, the effort remains a design project and not a finished service.
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