Wire · founder news, decoded · technology
ONDO token jumps after Ondo Finance launches DTCC-backed tokenized stocks
Ondo Finance launched tokenized stocks backed by the DTCC's settlement infrastructure, directly linking blockchain representations to securities held at the Depository Trust Company. The move enables on-chain trading of real equities (Circle stock and SPY ETF) with native CUSIP and ticker identifiers.
This Wire brief sits within Fusion42's coverage of Fintech. Wire is Fusion42's founder-focused intelligence feed: each story is connected to the funds and startups it names — every one with a live profile on Raise or Scout — so founders can follow the capital and the momentum behind the headline rather than just the headline itself. Wire analysis is one of the live surfaces Arthur, Fusion42's AI co-founder, reasons over.
The Wire takeaway
Wall Street's settlement plumbing is now tokenizable. If you're building clearing, custody, or trading infrastructure for traditional assets, your customer just went on-chain—and DTCC is the gateway, not the gatekeeper.
Read the full story at thestreet.com →
Topics: Fintech · tokenized-securities · dtcc-settlement · on-chain-equities · regulatory-bridge