Ondo selected for the DTCC Industry Working Group, participating in the development of tokenization standards for the U.S. capital markets

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BlockBeats News, May 4th, according to official sources, the U.S. Depository Trust & Clearing Corporation (DTCC) announced the formation of an industry working group to advance the tokenization process of the U.S. capital markets. Ondo has been selected for this working group and will collaborate with institutions from traditional finance and decentralized finance sectors such as BlackRock, Goldman Sachs, JPMorgan Chase, Franklin Templeton, Morgan Stanley, Bank of America, Citadel Securities, New York Stock Exchange, Circle, Fireblocks, Robinhood, and others to participate in the design.

DTCC manages assets exceeding $114 trillion, with an annual clearing volume of $3.7 trillion. They are currently building a tokenization service aimed at bringing the core processes of the U.S. capital markets onto the blockchain.

DTCC President and CEO Frank La Salla stated, “We believe that tokenization will significantly change the way markets operate, bringing new levels of liquidity, transparency, and efficiency to investors.”

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OceanZoo
· 12h ago
Digital currencies really can't be played with; those hiding behind the scenes making moves are all villains, and villains will have their day of success! Be clear and open-minded!
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