Ondo Global Markets Brings U.S. Securities Onchain
Ondo Finance has unveiled Ondo Global Markets, a new tokenization platform that enables onchain access to U.S. stocks, bonds, and ETFs. The platform seeks to replicate stablecoins’ success by offering digital representations of traditional financial assets.How Ondo Global Markets Works
Each tokenized asset is backed 1:1 by an underlying security, allowing for seamless transferability and global accessibility outside the U.S. The platform will support over 1,000 stocks and ETFs, including shares of Apple and Tesla.Addressing Inefficiencies in Traditional Markets
Ondo aims to resolve common issues in traditional securities trading, such as high fees, slow transfers, and lack of interoperability. By integrating permissioned access controls, it also offers issuers greater control over asset distribution.Expanding Access to Global Investors
With over $650 million in total value locked, Ondo Finance’s move into security tokenization signals a growing trend of integrating traditional finance with blockchain technology. The platform could open new investment channels for global market participants.
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