The Real-World Asset (RWA) specialist at Ondo Finance (Ondo) which brings one hundred US stocks and ETFs to one of the most active blockchain networks.
The move will open access for 3.4 million users of the BNB chain to buy and sell tokenized shares of companies like Apple or Tesla, as well as popular ETFs, around the clock Thorugh Ondo Global Markets.
These properties are aimed primarily at non-US investors who want exposure to US markets but may be blocked by geographic or regulatory barriers.
Tokenized stocks took place earlier this year as digital brokers and crypto exchanges, including Robinhood, Kraken, Bybit, Gemini began offering trading equities onchain.
Ondo’s expansion into the BNB chain brings it into closer competition with projects like Backed and Kraken’s Xstocks, which also offer tokenized BNB financial assets. This step in the BNB chain deepens the reach of the tokenized stock market in Asia and Latin America, where BNB has a strong user base.
The broader tokenized stock market has more than doubled since August to nearly $700 million currently, according to data from Rwa.xyz. Because this Launch As of September, Ondo Global Markets has become one of the largest players in the space, with nearly $320 million in total value locked up, per RWA.XYZ.
Read more: ‘Tokenization will eat the entire financial system’ says Robinhood CEO
