Ondo joins DTCC’s working group with major finance firms to help shape tokenization in U.S. capital markets.
Ondo has joined DTCC’s Industry Working Group as the group studies tokenization for U.S. capital markets.
The move places Ondo among major financial and crypto firms helping design services that could support tokenized assets, settlement, and market operations in the United States.
Ondo Selected for DTCC Tokenization Group
Ondo has been selected to join DTCC’s Industry Working Group focused on tokenization.
The group is working on market design as financial firms study how traditional assets can move Onchain.
DTCC, also known as The Depository Trust and Clearing Corporation, plays a central role in U.S. markets.
According to the announcement, it custodies more than $114 trillion in assets.
Ondo has been selected in DTCC's Industry Working Group to advance tokenization in the U.S.@The_DTCC custodies over $114 trillion in assets and clears $3.7 quadrillion annually. It is now building a tokenization service designed to bring the core of U.S. capital markets… pic.twitter.com/QdXpMA66F4
— Ondo Finance (@OndoFinance) May 4, 2026
The group includes firms from traditional finance and digital assets.
Participants named in the announcement include BlackRock, Goldman Sachs, J.P. Morgan, Franklin Templeton, Morgan Stanley, Bank of America, Citadel Securities, NYSE Group, Circle, Fireblocks, and Robinhood.
Ondo’s role will focus on sharing views from the tokenized asset market. The company has worked on tokenized stocks, ETFs, and U.S. Treasury products.
DTCC Plans Tokenization Service for US Markets
DTCC is building a tokenization service for U.S. capital markets. The service is aimed at bringing key market processes Onchain while keeping links to regulated finance.
DTCC President and CEO Frank La Salla said tokenization could change how markets operate.
He said, “We believe tokenization will significantly change how markets work and operate, bringing new levels of liquidity, transparency and efficiency to investors.”
The project comes as large financial firms test blockchain-based settlement and asset transfer systems.
Tokenization allows real-world assets to be represented as digital tokens on blockchain networks.
Supporters say tokenization can reduce delays and improve access to market data. However, firms still need to address legal, compliance, custody, and settlement questions.
DTCC has operated at the center of U.S. capital markets for more than 50 years.
Its working group shows that tokenization is moving from pilot programs toward market structure planning.
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Ondo has grown as a real-world asset platform during the rise of tokenized finance. The company has focused on tokenized U.S. Treasuries, securities, stocks, and ETFs.
The announcement describes Ondo as one of the largest tokenizers of U.S. Treasuries. It also presents the firm as a major player in tokenized stocks and ETFs.
Market watchers have linked Ondo’s growth to institutional interest in real-world assets.
Reported partnerships include work with firms and networks tied to regulated finance, payments, and settlement.
🐋 WHALE WATCH: The RWA King: Why $ONDO is Winning the Institutional Race$ONDO didnt dominate Q1 through retail hype. While most alts chased memes Ondo was busy building regulated infrastructure and securing the biggest names in finance.
Here is why $ONDO is the leader of the… pic.twitter.com/chnaDJPMVf
— Whale Factor (@WhaleFactor) May 4, 2026
The provided market update said Ondo’s total value locked rose from $2.6 billion to $3.53 billion. It also said the project generated $13.26 million in revenue during Q1 2026.
The same update listed ONDO’s price at $0.2653, with a market cap of $1.3 billion. These figures were presented as part of market commentary and can change quickly.
Ondo has also been linked to tokenized U.S. stock and ETF expansion. The update said more than 100 tokenized U.S. stocks and ETFs are now live.
The DTCC working group gives Ondo a place in talks with major market firms. The work will center on tokenization standards, market design, and practical use in U.S. capital markets.
