Fidelity Applied Technology Center, as a required validator for temperature tokenized stock transfers

Fidelity Investments' Center for Applied Technology (FCAT) has joined Ondo Finance's decentralized verifier network for cross-chain transfers of tokenized equities, Ondo announced on its official blog. FCAT will serve as a required validator on Ondo's bridge for transfers between supported networks including Ethereum and HyperEVM, alongside other validators. The arrangement covers 35 Ondo Stock tokens currently transferable to HyperEVM and more than 450 tokens used across other supported networks. The move matters because it adds a major traditional asset manager as a security checkpoint for Ondo's tokenized-equity bridge, potentially bolstering institutional confidence in cross-chain settlement of tokenized stocks. What to watch next is whether FCAT's role expands to additional chains and tokenized assets, and whether other large asset managers follow as validators.