Ondo Subsidiary Joins DTCC's Fund/SERV Platform as the First Tokenized Platform

iconKuCoinFlash
Share
AI summary iconSummary
Ondo Finance’s subsidiary, Oasis Pro Markets, has joined DTCC’s Fund/SERV platform, becoming the first tokenized platform to connect to the fund transaction network. The network upgrade enables Oasis Pro Markets to process trades, confirmations, and distributions with fund firms and wealth platforms. This crypto news highlights a key step in integrating tokenized assets into traditional infrastructure. Oasis Pro, a U.S.-registered broker-dealer, now supports account data transfer, tax reporting, and regulatory compliance through the standardized connection.

Odaily Planet Daily reports that Ondo Finance has announced that its Oasis Pro Markets has joined DTCC’s Fund/SERV platform, becoming the first tokenized platform accepted into the fund trading and distribution network.

Oasis Pro Markets is a U.S.-registered broker-dealer and distributor of tokenized investment products. Fund/SERV processes over 85% of mutual fund trading activity in the U.S.; upon integration, Oasis Pro Markets can transact with fund companies, wealth management platforms, and service providers through standardized connectivity, supporting account-level data transfer, trade confirmation, reconciliation, fund distributions, tax reporting, and regulatory reporting.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.