Ondo is gaining significant institutional traction after being chosen to join a DTCC-led working group developing a tokenization service to bring core U.S. capital market infrastructure on-chain. The selection places Ondo in direct collaboration with major financial institutions and infrastructure providers as they define how traditional assets can be tokenized at scale.
DTCC, which custodies more than $114 trillion in assets and processes an estimated $3.7 quadrillion in transactions annually, is convening firms to build the service. Ondo will work alongside participants that include BlackRock, Goldman Sachs, J.P. Morgan, Franklin Templeton, Morgan Stanley, Bank of America, Citadel Securities, NYSE Group, Circle, Fireblocks, Robinhood, and others. DTCC President and CEO Frank La Salla has highlighted tokenization’s potential to transform markets by unlocking new levels of liquidity, transparency, and efficiency.
As the largest tokenizer of stocks, ETFs, and U.S. Treasuries, Ondo is positioned to help shape the next phase of financial innovation aimed at keeping U.S. markets competitive in a digital, global economy. The move underscores how tokenization has progressed from concept to concrete infrastructure development with institutional participation.
Institutional Adoption Accelerates Beyond Experimentation
Franklin Templeton, a $1.7 trillion asset manager, has selected Ondo Finance as its on-chain gateway, opting to leverage Ondo’s existing rails rather than build proprietary infrastructure. Through Ondo Global Markets, five ETFs are now live and tradable 24/7 directly from crypto wallets, removing traditional barriers such as brokerage accounts, geographic limitations, and reliance on intermediaries.
Ondo currently controls an estimated 70% of the tokenized equity market and is targeting the much larger $30 trillion global ETF market, highlighting the scale of the opportunity ahead. The broader takeaway: major institutions are increasingly treating blockchain as an efficient infrastructure layer rather than an experiment, and Ondo’s early rail-building has placed it at the center of that shift.