Tokenization Moves from ‘PowerPoint to Production’

marketsmedia.com7 min read
Tokenization Moves from ‘PowerPoint to Production’
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RWA Signal Insight

Infrastructure

Financial leaders from BlackRock, DTCC, and Bullish confirmed that tokenization is transitioning from theoretical concepts to production-grade financial infrastructure. During the Financial Markets Policy Conference 2026, industry experts emphasized that blockchain technology is being decoupled from speculative crypto assets to enhance capital market efficiency. A major milestone occurred on September 16, 2026, when Ondo Finance’s Oasis Pro Markets became the first platform to join the DTCC’s Fund/SERV network, enabling broader distribution of tokenized funds. The DTCC is also advancing its own tokenization service, which aims to streamline settlement and improve capital efficiency, with one member firm projecting a 30% gain through intra-day repo optimization. Meanwhile, Bullish is acquiring transfer agent Equiniti to facilitate native onchain share issuance, ensuring issuers maintain control over shareholder rights and identity. Nasdaq and the NYSE are also integrating digital asset capabilities, with Nasdaq investing in Kraken’s parent company and the NYSE partnering with Blockchain.com to provide access to tokenized equities. These developments signal a shift toward a hybrid ecosystem where traditional financial institutions compete and collaborate to expand market access and liquidity.

Key points

  • Ondo Finance joined DTCC’s Fund/SERV network to distribute tokenized funds across traditional ecosystems.
  • DTCC’s tokenization service, launching October 2026, aims to improve capital efficiency by 30%.
  • Bullish acquired Equiniti to enable corporate issuers to issue shares natively onchain.
  • Nasdaq invested $100 million in Kraken’s parent company to advance the Nasdaq Equity Token framework.

Background

The Depository Trust & Clearing Corporation (DTCC) serves as the central securities depository and clearinghouse for the U.S. financial markets, managing the settlement of trillions of dollars in trades. Fund/SERV is its core automated platform for processing and settling mutual fund transactions, connecting thousands of intermediaries and fund companies.

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