Ondo Finance Connects Tokenized Funds to Traditional Financial Infrastructure
Ondo Finance's subsidiary Oasis Pro Markets has joined the Fund/SERV network of the Depository Trust & Clearing Corporation (DTCC), marking a significant step towards integrating tokenized funds with traditional financial infrastructure.
Fund/SERV processes over 85% of U.S. mutual fund transaction activity and provides standardized systems for financial firms to exchange fund-related information and process transactions.
Oasis Pro Markets, a U.S.-registered broker-dealer, will gain access to established systems used by financial institutions for fund transaction processing and related administrative functions through its membership in Fund/SERV.
The connection does not guarantee distribution of Ondo's tokenized funds through Fund/SERV participants, but rather provides another link between the blockchain-based investment products and existing financial-market infrastructure.