Ondo gains significant institutional traction after being selected to join a key working group led by DTCC. This move puts Ondo in direct partnership with established financial institutions and infrastructure leaders, working to define how traditional assets can be brought into the chain at scale.
What Ondo’s DTCC role means for the broader crypto market
In a recent one after on DTCC currently holds more than $114 trillion in assets and processes an estimated $3.7 trillion in transactions annually.
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The initiative focuses on building a tokenization service designed to bring the core of US capital markets infrastructure on-chain, with Ondo among the select group of companies contributing to its design. With this initiative, Ondo is positioned to partner with major financial institutions such as BlackRock, Goldman Sachs, JP Morgan, Franklin Templeton, Morgan Stanley, Bank of America, Citadel Securities, NYSE Group, Circle, Fireblocks, Robinhood and more.
Furthermore, DTCC President and CEO Frank La Salla emphasized the importance of this transition, noting that tokenization has the potential to transform the way markets operate, unlocking new levels of liquidity, transparency and efficiency for businesses. investors. With more than 50 years of experience, the DTCC is at the center of the American capital markets.
The decision to build a tokenization service and bring Ondo to the table alongside the world’s leading financial institutions reflects how far tokenization has come. As the largest tokenizer of suppliesETFs and US Treasuries, Ondo is well positioned to shape the next phase of financial innovation, one that aims to keep US markets competitive in an increasingly digital and global economy.
Institutional adoption is faster than experimentation
In another major move, Franklin Templeton, a $1.7 trillion asset manager, has taken a decisive step into blockchain by choosing Ondo Finance as its gateway to the next generation of investors. An analyst known as 2xnmore on X marked that instead of building its own infrastructure or relying on traditional financial intermediaries, the company has opted to leverage Ondo’s existing on-chain rails.
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Five ETFs are now live and tradeable directly through Ondo’s global markets cryptocurrency purses. This removes many of the traditional barriers associated with investing, such as brokerage accounts, geographic restrictions outside the US, and dependence on intermediaries, creating a more open approach.
Ondo currently controls an estimated 70% of the tokenized stock market, while targeting the much larger $30 trillion global ETF market. Furthermore, this huge gap between Ondo’s current footprint and its potential addressable market underlines the magnitude of the opportunity ahead.
Meanwhile, the broader message is clear. Wall Street no longer approaches crypto as an experiment. Instead, institutions approach blockchain as more efficient infrastructure low, and Ondo built the rails first.
Featured image from YouTube, chart from Tradingview.com