Ondo Finance becomes first tokenization firm to join DTCC's Fund/SERV network

Ondo Finance's broker-dealer subsidiary, Oasis Pro Markets, has joined DTCC's Fund/SERV network, becoming its first tokenization-company participant. The integration connects Oasis Pro to a system processing over 85% of U.S. mutual fund activity, paving the way for mainstream tokenized fund distribution. While no specific products or launch dates were announced, the move deepens Ondo's ties with DTCC amid an ongoing internal leadership dispute involving acting CEO Ian De Bode.

Oasis Pro Markets Fund/SERV membership

• ▪Ondo Finance's broker-dealer subsidiary, Oasis Pro Markets, joined the Depository Trust & Clearing Corporation's Fund/SERV network on September 16, 2026.
• ▪Oasis Pro Markets is the first tokenization-company participant to join the Depository Trust & Clearing Corporation's Fund/SERV network.
• ▪The joint announcement by Ondo Finance and the Depository Trust & Clearing Corporation did not identify a specific Ondo product, distributor, first transaction, or go-live date for Fund/SERV.

Fund/SERV network transaction processing

• ▪Fund/SERV centralizes and processes account-level data, transaction confirmations, reconciliation, fund distributions, tax reporting, and regulatory reporting through a single standardized connection.
• ▪The Fund/SERV network, which launched in 1986, serves over 1,300 clients and processes more than $12 trillion in transactions annually.
• ▪The Depository Trust & Clearing Corporation's Fund/SERV network processes more than 85% of United States mutual fund transaction activity.

Tokenized fund distribution strategy

• ▪Ondo Finance completed an onchain securities deployment in July 2026 tied to BlackRock's iShares Core S&P 500 ETF and shares of Micron Technology.
• ▪Ondo Finance expects the Fund/SERV connection to allow its tokenized investment products to be distributed through wealth platforms and financial firms that already rely on DTCC systems.
• ▪Ondo Finance participated in Depository Trust & Clearing Corporation tokenization initiatives in July 2026, ahead of a full tokenization service launch planned for October 2026.

Oasis Pro broker-dealer registration

• ▪Oasis Pro Markets operates as an SEC-registered broker-dealer and alternative trading system, and is a member of FINRA and SIPC.
• ▪Oasis Pro Markets received FINRA authorizations in July 2026 covering tokenized corporate equities and fund products for United States institutions and retail investors.
• ▪Ondo Finance acquired Oasis Pro Markets in October 2025, providing the firm with a licensed entry point into broker-dealer territory.

Ondo leadership dispute

• ▪Kathleen Allman, mother of deceased Ondo Finance founder Nathan Allman, filed a lawsuit in Delaware to remove acting CEO Ian De Bode from his positions.
• ▪An expanded Ondo Finance board voted on July 24, 2026 to remove Ian De Bode from all positions and install Kathleen Allman as chair and interim CEO.