Ondo Finance partners with DTCC Fund/SERV division to integrate real-world asset tokenization with the infrastructure processing 85% of U.S. mutual fund transactions.
RWA & Tokenization ·
Ondo Finance has partnered with the DTCC Fund/SERV division, which handles over 85% of U.S. mutual fund transactions. The arrangement marks the first integration of a tokenization platform into Fund/SERV's infrastructure, with Ondo's Oasis Pro Markets serving as that initial platform.
Fund/SERV operates as a critical post-trade processing system for the mutual fund industry, handling settlement and related services across the sector. By integrating real-world asset tokenization into this existing infrastructure, the partnership connects blockchain-based assets to one of the most widely used settlement networks in U.S. capital markets.
The specifics of how tokenized assets will flow through Fund/SERV's systems—whether there are limits on asset types, transaction volumes, or a phased rollout—remain unclear. The practical impact on mutual fund distribution and settlement timelines has not been detailed.