Ondo Finance (ONDO), a frequently favored altcoin in the institutional sector and a prominent altcoin in the tokenization space, has joined the DTCC working group to design tokenization standards.
The Depository Trust & Clearing Corporation (DTCC) has established an industry working group to advance the tokenization of U.S. capital markets, according to an official announcement.
In response, DTCC announced that it has officially selected Ondo as a partner in an industry working group established to design tokenization standards for the U.S. capital markets.
OnDo Finance also announced in a statement from its X account that it has been selected to join the DTCC Sector Working Group and will be involved in the development of tokenization services.
“…DTCC holds over $114 trillion in assets and settles $3.7 trillion annually. DTCC is currently building a tokenization service aimed at bringing the foundations of the U.S. capital markets to blockchain. Ondo is one of the selected companies contributing to its design.”
The working group includes traditional finance (TradFi) giants such as BlackRock, JPMorgan, and Goldman Sachs, as well as more than 50 crypto companies such as Circle and Robinhood.
The initiative involves leading players in traditional finance and cryptocurrencies and aims to create guidelines that will facilitate the integration of tokenized assets into the financial system.
DTCC CEO Frank La Salle said, “…our vision is becoming a reality. We are launching our tokenization service to successfully bridge the gap between traditional finance (TradFi) and decentralized finance (DeFi). Tokenization fundamentally changes the way markets operate, significantly increasing liquidity, transparency, and efficiency.”
According to the announcement, DTC’s tokenization service will enable the tokenization of real-world assets held by DTC, giving them the same rights, investor protections, and ownership as assets previously held.
DTCC plans to conduct the first limited production transactions of real-world assets tokenized using DTC’s tokenization services in July 2026, followed by service launch in October 2026. At this point, DTCC will collaborate with this working group.
*This is not investment advice.
