A technology team under Fidelity is now helping safeguard cross-chain transfers of Ondo’s tokenized stocks.
Ondo Finance announced that the Fidelity Center for Applied Technology (FCAT) has officially become a required verifier for Ondo Bridge. Going forward, every transfer of eligible Ondo Stocks between supported networks such as Ethereum and HyperEVM must be verified with FCAT’s decentralized verifier network (DVN) participating, and confirmed alongside other verifiers before settlement can be completed.
Coverage is currently divided into two parts:
35 Ondo Stocks transferred to HyperEVM are already covered by FCAT verification.
More than 450 other Ondo Stocks on supported networks are also covered.
The term “required verifier” is important here. FCAT does not control cross-chain transactions on its own; it becomes an indispensable part of the verification process.
This is not the first collaboration between the two. In February this year, Ondo Bridge had already integrated FCAT’s DVN through LayerZero to provide cross-chain verification for tokenized assets. This latest move further expands verification coverage to Ondo Stocks.
Traditional financial institutions’ involvement in the underlying security infrastructure for tokenized stocks signals that RWA competition is expanding beyond issuing assets and growing trading volumes to include cross-chain transfers and settlement safeguards.
Once stocks are tokenized, ensuring that assets can move safely between different chains is also a question institutions cannot avoid when considering adoption.
Fidelity is participating in infrastructure verification here. This does not mean that Fidelity directly issues or guarantees these tokenized stocks, but it does add an important institutional participant to Ondo’s cross-chain security framework.
Ondo Finance announced that the Fidelity Center for Applied Technology (FCAT) has officially become a required verifier for Ondo Bridge. Going forward, every transfer of eligible Ondo Stocks between supported networks such as Ethereum and HyperEVM must be verified with FCAT’s decentralized verifier network (DVN) participating, and confirmed alongside other verifiers before settlement can be completed.
Coverage is currently divided into two parts:
35 Ondo Stocks transferred to HyperEVM are already covered by FCAT verification.
More than 450 other Ondo Stocks on supported networks are also covered.
The term “required verifier” is important here. FCAT does not control cross-chain transactions on its own; it becomes an indispensable part of the verification process.
This is not the first collaboration between the two. In February this year, Ondo Bridge had already integrated FCAT’s DVN through LayerZero to provide cross-chain verification for tokenized assets. This latest move further expands verification coverage to Ondo Stocks.
Traditional financial institutions’ involvement in the underlying security infrastructure for tokenized stocks signals that RWA competition is expanding beyond issuing assets and growing trading volumes to include cross-chain transfers and settlement safeguards.
Once stocks are tokenized, ensuring that assets can move safely between different chains is also a question institutions cannot avoid when considering adoption.
Fidelity is participating in infrastructure verification here. This does not mean that Fidelity directly issues or guarantees these tokenized stocks, but it does add an important institutional participant to Ondo’s cross-chain security framework.