Ondo Subsidiary Joins DTCC's Fund/SERV Platform, Pushing Tokenized Funds into Traditional Markets

BlockBeats news, September 16: Ondo Finance announced that its subsidiary Oasis Pro Markets has joined the Depository Trust & Clearing Corporation's (DTCC) Fund/SERV platform, becoming the first tokenized platform accepted into the fund transaction processing and distribution network. Oasis Pro Markets is a US-registered securities broker-dealer and distributor of tokenized investment products.

Fund/SERV currently handles over 85% of US mutual fund transaction activity. This integration will pave the way for Ondo's tokenized funds to enter the traditional fund distribution system, enabling Oasis Pro Markets to conduct transactions with fund companies, wealth management platforms, and service providers through a single standardized connection, without the need to establish customized interfaces for each individual fund.

The related infrastructure supports account-level data transmission, trade confirmation, reconciliation, fund distribution, tax reporting, and regulatory reporting. Ondo stated that this will establish critical infrastructure for tokenized funds to scale and enter the mainstream market.