Ondo becomes first tokenization firm on DTCC Fund/SERV

Ondo Finance has become the first tokenization company to enter DTCC’s Fund/SERV network, connecting its regulated U.S. subsidiary with infrastructure that processes more than 85% of domestic mutual fund transaction volume. Summary Oasis Pro Markets can connect with fund companies and financial distributors through one standardized network. Fund/SERV processes transactions, confirmations, reconciliation, distributions, and several reporting functions. Oasis Pro holds registrations covering broker-dealer, trading system, and transfer-agent services in the United States. Ondo has also expanded its tokenized securities business through U.S., Japanese, and blockchain-based products. Ondo Finance said its subsidiary Oasis Pro Markets has joined Fund/SERV as a member, making it the first tokenization platform to enter the Depository Trust & Clearing Corporation-operated network. We’re excited to announce that Ondo Finance’s subsidiary Oasis Pro Markets, a U.S. registered broker-dealer, has joined DTCC’s Fund/SERV.Ondo Finance is the first tokenization company to join the network, which processes over 85% of the U.S. mutual fund transaction activity.… pic.twitter.com/lTR8JlhvSw— Ondo ...