According to CoinMeta, the custodian trust company ( DTC ) officially launched the DTCC tokenization service ( DTS ), with Ondo Finance and institutions such as Broadridge , DRW , and Fireblocks joining this service ecosystem. Participants in DTC can convert between traditional and tokenized forms of securities rights. In July of this year, Ondo launched CRCLON and SPYON, which became some of the first tokenized stocks supported by DTC-tokenized rights. In May of this year, Ondo joined the DTC digital asset solutions industry working group.