Ondo Finance Wednesday launched the tokenized equity platform called on the Ondo Global Markets, offering non-US investors to access over 100 US stocks and funds exchanged exchange (ETFS) On-chain.
The tokenized equities, first announced In February, lived live in Ethereum and supported by security held to US register sellers, the company said.
The offer includes versions of Apple’s crypto token (AAPL)Nvidia (NVDA) and the QQQ ETF among others. Investors in Asia-Pacific, Europe, Africa and Latin America can mint and redeem shares around the clock on the days of trading, with access to the underlying exchange of exchange. The service is not available for US users.
Tokens are designed to move freely between wallets, exchange and decentralized finances (Defi) Protocols. The firm also cooperated with BitGo, Ledger, Chainlink and other infrastructure providers to support the controlling.
Ondo said it plans to expand the selection to more than 1,000 possessions by the end of this year and bring service to Solana and bnb chain (Bnb) with a layerzero powered by interoperability.
“We saw Stablecoins exported the US dollar by bringing it to the chain,” said Nathan Allman, founder and CEO of Ondo Finance. “Now, the Ondo Global Markets are doing the same thing for US security.”
Rollout will come as tokenization of real-world assets (Rwas) Get momentum in crypto markets, with projects carrying treasures, private credit and now equivalent to blockchains pursuing greater access and liquidity.
A list of trading and exchange platforms introduced tokenized equal -equal in the past few months, including by RobinhoodGemini, Kraken and many other crypto exchanges. Coinbase and Ethoro also shared plans to offer stock trading in the token form. However, some offerings Drew backlash on potential issues such as limited shareholder rights and regulations fragments.
