Ondo Finance Joins Dtcc Working Group To Tokenize US Capital Markets

@OndoFinance has been formally selected to join the @The_DTCC Industry Working Group, a coalition of more than 50 financial firms tasked with designing a tokenization service for core US capital markets infrastructure. The announcement, made on May 4, places Ondo alongside some of the largest names in traditional and institutional finance as the industry moves to bring settlement and custody onchain.

Wall Street's Biggest Names at the Table

The DTCC, which safeguards over $114 trillion in assets, is collaborating with firms including @BlackRock, @GoldmanSachs, and @jpmorgan. The broader working group spans more than 50 participants, including Bank of America, Morgan Stanley, Nasdaq, NYSE Group, Charles Schwab, Citadel Securities, Ripple Prime, Robinhood, and Wells Fargo, among others.

The DTCC has announced the launch timescale for its tokenization solution, with limited live transactions targeted from July 2026 and a broader launch planned for October. In December 2025, DTC received a No-Action Letter from the SEC authorizing it to offer a defined tokenization service for DTC Participants and their clients for three years. The authorization applies to a defined set of highly liquid assets, including constituents of the Russell 1000 — the 1,000 largest publicly traded US companies by market cap — as well as ETFs tracking major indices and US Treasuries.

DTCC CEO Frank La Salla said tokenization would fundamentally change how markets operate, while significantly improving liquidity, transparency, and efficiency. La Salla also noted that the tokenization service would support "bridging TradFi and DeFi," a goal reflected in the working group's diverse membership.

Ondo's Growing Institutional Footprint

Ondo has been expanding its business in tokenized stocks, ETFs, and US Treasuries, and is set to play a central role in the project. The selection caps a period of rapid institutional expansion for the protocol. Ondo stated that its tokenized stock platform became the largest in the sector by market share, with $2 billion in total trading volume and $370 million in total value locked.

Both Nasdaq and NYSE will support trading of tokenized stocks alongside traditional ones, which will settle via conventional DTC infrastructure — and once in tokenized form, stocks can be settled on-chain, likely using stablecoins. For @OndoFinance, participation in the DTCC working group is a natural extension of its existing infrastructure. Ondo and Chainlink are already working alongside key capital market participants including Swift, DTCC, and Euroclear through Chainlink's corporate actions initiative.

The collaboration marks a significant step in bringing institutional-grade $RWA settlement to mainstream US financial infrastructure, with the full weight of Wall Street now formally engaged in the effort.

Sources:
DTCC Advances Development of New Tokenization Service – Traders Magazine
DTCC Shares Tokenization Launch Date, 50 Firms Join Working Group – Ledger Insights
Ondo Finance Joins DTCC Working Group on Tokenizing US Capital Markets – Bloomingbit

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