Ondo's subsidiary joins DTCC's Fund/SERV platform to promote tokenized funds entering the traditional market

Ondo Finance announced that its subsidiary Oasis Pro Markets has joined the Fund/SERV platform under the U.S. Depository Trust & Clearing Corporation (DTCC), becoming the first tokenized platform accepted by the fund trading processing and distribution network. Oasis Pro Markets is a registered securities broker-dealer and tokenized investment product distributor in the United States.

Fund/SERV currently processes over 85% of mutual fund trading activities in the U.S. This integration will pave the way for Ondo's tokenized funds to enter the traditional fund distribution system, allowing 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 fund.

The related infrastructure supports account-level data transmission, trade confirmations, reconciliations, fund distributions, tax reporting, and regulatory reporting. Ondo stated that this will establish critical infrastructure for scaling tokenized funds and entering the mainstream market.