DTCC's tokenization service officially launches, with Ondo Finance becoming an ecosystem collaborator.

BlockBeats news, October 28 - According to Ondo Finance's official blog, the Depository Trust Company (DTC) has officially launched the DTCC Tokenization Service (DTS). DTC is a subsidiary of the Depository Trust & Clearing Corporation (DTCC) in the United States. Ondo Finance, along with institutions such as Broadridge, DRW, and Fireblocks, has joined the ecosystem of this service. DTC participants can convert between traditional and tokenized forms of securities entitlements, with tokenized entitlements possessing the same ownership and protection as traditional securities entitlements.

In July of this year, Ondo's CRCLon and SPYon became the first tokenized stocks supported by DTC tokenized entitlements. In May of this year, Ondo joined the DTC Digital Assets Solutions Industry Working Group to provide feedback on DTS.