Ondo Finance’s U.S.-registered broker-dealer subsidiary, Oasis Pro Markets, has joined DTCC Fund/SERV as the service’s first tokenization-platform member. DTCC announced the development on Se
Ondo Finance’s U.S.-registered broker-dealer subsidiary, Oasis Pro Markets, has joined DTCC Fund/SERV as the service’s first tokenization-platform member. DTCC announced the development on September 16, giving Ondo a standardized connection to a fund-processing network that the infrastructure provider says handles more than 85% of US mutual-fund transaction activity.
The move places tokenized-fund operations within an established distribution and back-office framework used by fund companies, wealth platforms and service providers. Oasis Pro is the entity joining the service, rather than Ondo directly, reflecting the broker-dealer’s role in the company’s US market infrastructure.
Fund/SERV is DTCC’s mutual-fund processing service. DTCC said Oasis Pro’s membership provides a standardized route to participants across the network, including fund companies, wealth platforms and other service providers.
For Ondo, the practical importance is less about a new token format than access to the operational channels surrounding funds. Distribution relies on a range of recurring information and transaction processes that are typically handled between market participants through common infrastructure.
DTCC’s figure on Fund/SERV’s share of US mutual-fund activity underlines why the connection matters. A link to a network processing more than 85% of that activity can give a tokenization provider access to existing fund-market workflows rather than requiring each relationship to begin with a bespoke operational setup.
Account-data exchange, transaction confirmations, reconciliation, fund distributions, tax reporting and regulatory reporting are among the functions supported by Ondo’s Fund/SERV membership, according to Ondo.
Crypto.news reported that the membership can reduce the need for separate technical integrations with individual distributors.
The connection sits around fund ownership and transactions, including distributions and reporting that create continuing administrative work after a trade. It is a fund-processing and distribution development, not a change to the legal status of the underlying securities, the report said.
On July 23, Ondo said Oasis Pro Markets had received FINRA authorizations covering tokenized corporate equities, exchange-traded funds, mutual funds and index funds for US investors under SEC and FINRA oversight. DTCC said Oasis Pro Markets, Ondo Finance’s US-registered broker-dealer subsidiary, joined DTCC Fund/SERV as its first tokenization-platform member.
Ondo said the Fund/SERV membership supports processing and distribution for its tokenized funds, including account-data exchange, transaction confirmations, reconciliation, fund distributions, tax reporting and regulatory reporting.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
