Woofun AI reports that Ondo Finance has launched the first batch of tokenized stocks based on DTC Tokenized Entitlements, creating digital twins of DTC-held securities. The initial offerings include CRCLon for Circle (CRCL) and SPYon for SPDR S&P 500 ETFs (SPY). Technically, DTC generates these entitlements through DTCC services, while Ondo accesses the participant network via Alpaca Markets. Underlying assets stay within DTC custody, enabling flexible conversion between traditional and tokenized forms. Ondo plans to expand this model with more asset classes later this year. It also participates in DTCC’s largest tokenization project alongside BlackRock, JPMorgan, Goldman Sachs, Nasdaq, and the New York Stock Exchange.