Ondo Finance Leverages DTCC Network for Tokenized Funds

Ondo Finance has made significant strides in the adoption of tokenized funds by joining DTCC's Fund/SERV network, marking a major milestone for mainstream acceptance.

The integration allows Ondo's tokenized funds to be plugged into existing infrastructure, eliminating the need for new technology and facilitating seamless transactions with wealth platforms already connected to DTCC.

Fund/SERV is a crucial system that handles account-level data, trade confirmations, and regulatory reporting across thousands of counterparties, processing more than 85% of US mutual fund transaction activity.

Ondo's Acting CEO and President, Ian De Bode, described the membership as 'a crucial infrastructure piece for mainstream adoption' of tokenized funds.