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Market Impact: 0.42

DTCC's Fund/SERV Adds Ondo Finance as Its First Tokenization Member, Bringing Tokenized Funds Into the Mainstream

Source: PR Newswire

FintechCrypto & Digital AssetsTechnology & InnovationTransportation & Logistics

Ondo becomes the first tokenization company integrated into the operational backbone of the U.S. fund industry, enabling its tokenized funds to access distributors connected to DTCC's Fund/SERV. Fund/SERV processes more than 85% of U.S. mutual-fund transaction activity, materially expanding the potential distribution infrastructure for Ondo's products and supporting institutional adoption of tokenized funds.

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