The integration, done through Oasis Pro Markets, connects Ondo to infrastructure processing over 85% of US mutual fund transactions. Ondo Finance has become the first tokenization company to
The integration, done through Oasis Pro Markets, connects Ondo to infrastructure processing over 85% of US mutual fund transactions.
Ondo Finance has become the first tokenization company to connect to the Depository Trust & Clearing Corporation's Fund/SERV network. The network processes more than 85% of mutual fund transactions in the United States. The integration was completed through Oasis Pro Markets, a regulated broker-dealer platform.
Fund/SERV is the backbone system that mutual fund companies and financial intermediaries use to process orders, settle trades, and manage account records. It has operated for decades as a core piece of US fund market infrastructure. DTCC, which owns and operates the system, sits at the center of clearing and settlement across much of the American financial system.
By joining this network, Ondo Finance links its tokenized fund products to established institutional plumbing. This connection allows tokenized shares to interact with the same processing rails used by conventional mutual funds. Industry participants view this kind of integration as a step toward bridging blockchain-based assets with legacy market infrastructure.
Oasis Pro Markets served as the intermediary that facilitated Ondo's access to Fund/SERV. Oasis Pro operates as a regulated broker-dealer, giving it the standing needed to interact directly with DTCC systems. Ondo's use of this pathway suggests tokenization firms may need similar regulated intermediaries to reach traditional settlement networks.
Ondo Finance has built its business around bringing real-world assets, particularly US Treasuries and fund products, onto blockchain rails. The company has positioned itself as a bridge between institutional finance and digital asset markets. Its tokenized products have already attracted attention from asset managers exploring blockchain-based fund structures.
The announcement comes as a broader wave of financial institutions and asset managers experiment with tokenized versions of funds, bonds, and other securities. Tokenization advocates argue that blockchain settlement can reduce processing times and operational costs compared to legacy systems. Critics note that regulatory clarity and interoperability with existing infrastructure remain unresolved in many jurisdictions.
Connecting a tokenization firm to Fund/SERV could signal growing willingness among traditional market infrastructure operators to accommodate blockchain-based fund products. If tokenized funds can settle through the same rails as conventional mutual funds, that may lower barriers for asset managers considering tokenized offerings. It could also encourage other tokenization platforms to pursue similar partnerships with regulated broker-dealers to gain access to DTCC systems.
The development does not by itself indicate broad regulatory approval of tokenized securities markets. It does show that at least one segment of legacy fund infrastructure can technically interface with tokenized products through existing intermediary structures. Market participants will likely watch whether other DTCC network members or additional asset managers pursue comparable integrations.
Ondo Finance's connection to DTCC's Fund/SERV network marks a concrete step in linking tokenized fund products to established US market infrastructure. Whether this integration leads to wider adoption among asset managers and other tokenization firms remains to be seen.
Fund/SERV is a processing system operated by the Depository Trust & Clearing Corporation that handles order processing and settlement for mutual funds. It is used across more than 85% of US mutual fund transactions.
Ondo Finance connected to the network through Oasis Pro Markets, a regulated broker-dealer that facilitated the integration between Ondo's tokenized fund products and DTCC's settlement infrastructure.
This marks the first time a tokenization firm has joined this specific DTCC network, suggesting a potential pathway for blockchain-based fund products to interact with traditional financial settlement systems.
No. The integration connects Ondo's products to existing settlement infrastructure through a regulated intermediary, but it does not by itself establish new regulatory status for tokenized funds.
Originally reported by AltcoinGordon, written by Amelia Brooks. Republished with permission.
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