DTCC is forming an industry working group to develop an asset tokenization service. Ondo Finance has been selected as one of the participating members, alongside BlackRock, Goldman Sachs, JPMorgan, Franklin Templeton, Morgan Stanley, Bank of America, Citadel Securities, NYSE Group, Circle, Fireblocks, and Robinhood.
“We believe that tokenization will fundamentally transform how markets operate, bringing a new level of liquidity, transparency, and efficiency,” said Frank La Salla, President and CEO of DTCC.
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