Ondo joins DTCC Fund/SERV as first tokenisation firm

• Ondo Finance has become the first tokenisation company to join DTCC’s Fund/SERV network.
• Fund/SERV processes more than 85% of US mutual fund transaction activity.
• The connection gives Ondo’s Oasis Pro Markets access to fund companies and wealth platforms through one standard network.

Ondo Finance has joined DTCC’s Fund/SERV through its US-registered subsidiary Oasis Pro Markets, connecting tokenised funds with established fund infrastructure.

Fund/SERV supports transaction confirmations, reconciliation, distributions, tax reporting and regulatory reporting across the US fund industry.

“We’re excited to be the first tokenization platform to become part of Fund/SERV,” said Ian De Bode, Acting CEO and President of Ondo Finance.

Oasis Pro Markets can now connect with fund companies, wealth platforms and service providers through one standardised connection.

The membership could reduce the need for separate technical integrations when Ondo distributes tokenised investment products through traditional financial firms.

Oasis Pro Markets operates as an SEC-registered broker-dealer and alternative trading system, with FINRA and SIPC membership.

The move follows Ondo’s participation in a DTCC tokenisation working group as the company expands its tokenised securities operations in US markets.