Ondo Joins DTCC Industry Working Group to Participate in Designing Tokenization Standards for the U.S. Capital Markets

BlockBeats News, May 4th. According to official sources, the Depository Trust & Clearing Corporation (DTCC) announced the formation of an industry working group to advance the tokenization of the U.S. capital markets. Ondo has been selected to join this working group, collaborating with BlackRock, Goldman Sachs, JPMorgan Chase, Franklin Templeton, Morgan Stanley, Bank of America, Citadel Securities, New York Stock Exchange, Circle, Fireblocks, Robinhood, and other institutions from both traditional finance and decentralized finance sectors.

DTCC holds assets worth over $114 trillion and processes over $37 trillion in clearings annually. It is currently developing a tokenization service aimed at bringing core U.S. market processes onto the blockchain.

DTCC President and CEO, Frank La Salla, stated: "We believe that tokenization will significantly transform the market's operation, bringing new levels of liquidity, transparency, and efficiency to investors."