- SPY+75Positive
Ondo Finance (@OndoFinance)
We’re excited to announce that Ondo has launched the first tokenized stock representations based on DTC tokenized entitlements to DTC-held securities generated through the DTCC Tokenization Service. The Depository Trust & Clearing Corporation (DTCC) is the premier post-trade market infrastructure for the U.S. securities markets, processing approximately USD 4.7 quadrillion in securities transactions in 2025. Ondo joins DTCC’s largest tokenization initiative to date alongside BlackRock, J.P. Morgan, Goldman Sachs, Nasdaq, & NYSE. How the landmark issuance works: 1. The DTCC Tokenization Service enables the recording of DTC tokenized entitlements (also referred to as digital twins) to DTC-held securities such as CRCL and SPY, which can be delivered to DTC Participant wallets for use in connection with customers such as Ondo. 2. In our case, the DTC tokenized entitlements associated with CRCL and SPY serve as digital twins of the securities underlying existing CRCLon and SPYon Ondo Stocks. 3. DTC-held securities can be converted between traditional and tokenized forms, enabling greater flexibility, access to new liquidity opportunities, and additional digital asset use cases. 4. That additional functionality can enhance the utility of assets such as CRCLon and SPYon (Ondo Stocks) held across Ondo’s global partner network of exchanges, wallets, & DeFi platforms. Ondo Finance CEO Ian De Bode on what comes next: “As tokenized securities markets continue to evolve, Ondo expects to play a leading role in bringing these assets onchain for investors.”