DTCC Tokenization Service Officially Launched, Ondo Finance Joins as Ecosystem Collaborator

TechFlow news, October 28: According to Ondo Finance's official blog, the Depository Trust Company (DTC) has officially launched the DTCC Tokenization Service (DTS). DTC is a subsidiary of the U.S. Depository Trust & Clearing Corporation (DTCC). Ondo Finance joined the service's ecosystem alongside institutions including Broadridge, DRW, and Fireblocks. DTC participants can convert securities entitlements between traditional and tokenized forms, and tokenized entitlements carry the same ownership and protections as traditional securities entitlements. In July this year, Ondo's CRCLon and SPYon became the first tokenized stocks backed by DTC tokenized entitlements. In May this year, Ondo joined the DTC Digital Asset Solutions Industry Working Group to provide feedback on DTS.

Source: TechFlow