DTCC Tokenization service officially launched; Ondo Finance joins the ecosystem collaboration
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DTC Officially launched DTCC tokenization service; Ondo Finance joins the ecosystem.
Article
DTCC Tokenization service officially launched; Ondo Finance becomes an ecosystem collaborator
BlockBeats News,October 28, according to the official Ondo Finance blog, the Depository Trust Company (DTC) has officially launched DTCC tokenization service (DTS）。DTC is a subsidiary of the Depository Trust & Clearing Corporation (DTCC). Ondo Finance has joined the service ecosystem alongside institutions including Broadridge,DRW, and Fireblocks.DTC Participants can convert between traditional and tokenized forms of securities entitlements, with tokenized entitlements having the same ownership and protections as traditional securities entitlements.
This year,July, CRCLon and SPYon launched by Ondo became the first tokenized stocks backed by DTC tokenized entitlements. This year,May, Ondo joined the DTC Digital Asset Solutions Industry Working Group and provided feedback on DTS.
Original link https://m.theblockbeats.info/flash/374185
Key points
01
According to the official Ondo Finance blog,DTC has officially launched DTCC tokenization service (DTS）。
02
Ondo Finance joined the service ecosystem alongside institutions including Broadridge,DRW, and Fireblocks.
03
Participants can convert between traditional and tokenized forms of securities entitlements, and both have the same ownership and protections.
04
This year,July, CRCLon and SPYon launched by Ondo became the first tokenized stocks backed by DTC tokenized entitlements.
05
This year,May, Ondo joined the DTC Digital Asset Solutions Industry Working Group and provided feedback on DTS.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
A tokenization service represents securities entitlements in token form while retaining the same ownership and protections as traditional securities entitlements. This service was launched by DTC, with institutions such as Ondo Finance participating in ecosystem development.
Why it matters to readers
This indicates that conversion arrangements are being established between traditional securities entitlements and blockchain token forms, providing a new service framework for institutional participation in securities tokenization.
Beginners can understand it this way: the same type of securities entitlement may have both traditional and tokenized records, and participants can convert between the forms.
Risks and unknowns
The materials do not provide an independent announcement from DTCC or DTC, and the service launch and list of participants still require cross-verification.
The materials do not specify DTS the scope of securities initially supported, registered wallets, or on-chain transfer rules.
The materials do not specify the subsequent issuance, circulation, and custody arrangements for CRCLon and SPYon.
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Related concepts
Tokenization service
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