Oasis Pro Markets Joins DTCC Fund/SERV Platform in Milestone for Tokenized Funds

Oasis Pro Markets, a subsidiary of Ondo Finance, has joined the U.S. Depository Trust & Clearing Corporation (DTCC) Fund/SERV platform, marking the first time a tokenization platform has participated in this service. DTCC announced on Tuesday that Oasis Pro Markets is now an authorized broker-dealer and tokenized investment product distributor within the Fund/SERV network. The DTCC explained that Fund/SERV processes over 85% of U.S. mutual fund transactions through its trading and distribution network.

The DTCC stated that this membership allows Oasis Pro Markets to connect with fund companies, asset management platforms, and service providers through a single standardized interface. It also noted the platform supports account-level data processing, trade confirmation, settlement, fund distribution, tax reporting, and regulatory reporting.