Ondo Finance Joins DTCC's Fund/Serv Platform
Ondo Finance, one of the largest tokenization platform, subsidiary Oasis Pro has joined The Depository Trust & Clearing Corporation (DTCC)’s Fund/SERV platform. It is the first tokenization project to be connected to the mutual fund processing platform.
Oasis Pro Markets is a US-registered broker-dealer, a FINRA and SIPC member, and the operator of an Alternative Trading System for digital securities.
Fund/SERV is the operational backbone used to process and settle transactions between U.S. fund companies and distributors. According to DTCC, the network processes more than 85% of U.S. mutual-fund transaction activity.
➡️ Why this matters
Tokenized funds have largely relied on direct distribution and bespoke integrations. While creating a token may be relatively straightforward, connecting it to the operational systems used by broker-dealers, wealth platforms, fund companies and service providers is much harder.
Through Oasis Pro Markets, Ondo now has a standardized connection to Fund/SERV. This can support workflows such as:
- Transaction processing and confirmations
- Account-level data exchange
- Reconciliation
- Fund distributions
- Tax and regulatory reporting
In practical terms, this could allow eligible Ondo tokenized funds to be processed through familiar fund-industry infrastructure instead of requiring a separate integration with every counterparty.
But an important distinction: Fund/SERV is processing infrastructure, not a distribution marketplace.
Membership does not automatically give Ondo access to end-investor capital, placement on brokerage platforms or distribution by Fund/SERV participants.
Those outcomes still require product eligibility, bilateral agreements, platform approval and investor demand.
The milestone is therefore not that Ondo has captured mainstream distribution. It is that a significant operational barrier to achieving that distribution has been reduced.
Talia Klein, Managing Director and Head of Wealth & Investment Solutions, DTCC. "Ondo’s participation in Fund/SERV demonstrates how established industry infrastructure can support the next phase of market evolution by connecting fund innovation with trusted standards, seamless scalability, operational resiliency and industry connectivity."
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