Ondo has been selected to participate in a DTCC-led working group tasked with building a tokenization service to bring core U.S. capital market infrastructure on-chain. The appointment 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 handles an estimated $3.7 quadrillion in transactions annually, is convening firms to design the service. Participants include BlackRock, Goldman Sachs, J.P. Morgan, Franklin Templeton, Morgan Stanley, Bank of America, Citadel Securities, NYSE Group, Circle, Fireblocks, Robinhood, and others. DTCC leadership has emphasized tokenization’s potential to unlock greater liquidity, transparency, and operational efficiency across markets.
As the largest tokenizer of stocks, ETFs, and U.S. Treasuries, Ondo brings operational experience and market-facing rails to the working group and is well positioned to help shape the next phase of digital market infrastructure. The selection signals tokenization’s progression from concept to concrete infrastructure development with active institutional involvement.
Institutional adoption is accelerating beyond pilots. Franklin Templeton, a $1.7 trillion asset manager, selected Ondo Finance as its on-chain gateway, choosing to leverage Ondo’s existing infrastructure rather than build proprietary systems. Through Ondo Global Markets, five ETFs are live and tradable 24/7 directly from crypto wallets, removing traditional barriers such as brokerage accounts, geographic limitations, and dependence on intermediaries.
Ondo currently controls an estimated 70% of the tokenized equity market and is targeting the much larger $30 trillion global ETF market. The broader takeaway: leading institutions increasingly view 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 toward tokenized markets.