Ondo Finance joins DTCC’s Fund/SERV network via Oasis Pro Markets

Ondo Finance said its subsidiary Oasis Pro Markets has joined the Depository Trust & Clearing Corporation’s Fund/SERV, a fund transaction processing network in the United States, becoming the first tokenization company to do so. The network handles more than 85% of U.S. mutual fund transactions, and the move will allow Ondo to connect with fund managers and asset management platforms while standardizing transaction processing, settlement, dividends and reporting for tokenized funds.