What to know:
- Ondo Finance has introduced its tokenized equity platform, Ondo Global Markets, allowing non-U.S. investors to access more than 100 U.S. stocks and ETFs through blockchain technology.
- The platform is part of a broader trend as various trading platforms like Robinhood, Gemini, and Kraken expand their offerings to include tokenized stocks.
- Ondo aims to increase its asset offering to over 1,000 by the year’s end and plans to extend its services to Solana and BNB Chain.
Ondo Finance initiated its tokenized equity platform named Ondo Global Markets, enabling non-U.S. investors to access over a hundred U.S. stocks and ETFs on-chain. The launch on Ethereum is backed by securities from U.S.-registered broker-dealers. This offering includes tokens for major companies like Apple and Nvidia. Investors from multiple global regions can mint and redeem shares on a continuous basis, aligning with the underlying exchange liquidity, although this service is not available for users in the U.S.
According to Nathan Allman, the CEO of Ondo Finance, “We saw stablecoins export the U.S. dollar by bringing it on-chain, now Ondo Global Markets is doing the same thing for U.S. securities.” This move represents a growing momentum in the tokenization of real-world assets within the cryptocurrency market, aiming for wider access and liquidity.
