Ondo is gaining significant institutional traction after being selected to participate in a key working group led by DTCC. This move places Ondo in direct collaboration with established financial institutions and infrastructure leaders, working to define how traditional assets can be brought on-chain at scale.
What Ondo’s DTCC Role Means For The Broader Crypto Market
In a recent post on X, Ondo Finance has revealed that the firm has been selected to join an industry working group led by Depository Trust and Clearing Corporation (DTCC), a major initiative aimed at advancing tokenization across the United States capital markets. DTCC currently custodies over $114 trillion in assets and has processed an estimated $3.7 quadrillion in transactions annually.
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The initiative focuses on building a tokenization service designed to bring the core of the US capital market infrastructure on-chain, with Ondo among the selected group of firms contributing to its design. With this initiative, Ondo is positioned to work alongside major financial institutions such as BlackRock, Goldman Sachs, J.P. Morgan, Franklin Templeton, Morgan Stanley, Bank of America, Citadel Securities, NYSE Group, Circle, Fireblocks, Robinhood, and more.
Furthermore, the DTCC President and CEO, Frank La Salla, emphasized the significance of this transition, noting that tokenization has the potential to transform how markets operate, unlocking new levels of liquidity, transparency, and efficiency for investors. With over 50 years of experience, the DTCC has been at the center of US capital markets.
Its decision to build a tokenization service and to bring Ondo to the table alongside the world’s leading financial institutions reflects how far tokenization has come. As the largest tokenizer of stocks, ETFs, and US Treasuries, Ondo is well-positioned to help shape the next phase of financial innovation, one that aims to keep US markets competitive in an increasingly digital and global economy.
Institutional Adoption Accelerates Beyond Experimentation
In another major move, Franklin Templeton, a $1.7 trillion asset manager, has made a decisive move into blockchain by choosing Ondo Finance as its gateway to the next generation of investors. An analyst known as 2xnmore on X highlighted that instead of building its own infrastructure or relying on traditional financial intermediaries, the firm has opted to leverage Ondo’s existing on-chain rails.
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Through the Ondo global markets, five ETFs are now live and tradeable 24/7 directly from crypto wallets. This removes many of the traditional barriers associated with investing, such as brokerage accounts, geographic limitations outside the US, and reliance on intermediaries, offering a more open approach.
Ondo currently controls an estimated 70% of the tokenized equity market, while targeting the much larger $30 trillion global ETF market. Also, this massive gap between Ondo’s current footprint and its potential addressable market underscores the scale of the opportunity ahead.
Meanwhile, the broader message is clear. Wall Street is no longer approaching crypto as an experiment. Instead, institutions are approaching blockchain as a more efficient infrastructure layer, and Ondo built the rails first.
Featured image from YouTube, chart from Tradingview.com
