September 6th• 3 min read
Ondo Finance Launches Tokenized Stock Platform
<cite index="2-8,7-3">Ondo Finance launched its Ondo Global Markets platform on September 3, offering non-US investors access to over 100 tokenized US stocks and ETFs on Ethereum</cite>, with <cite index="2-7,7-4">plans to expand to 1,000+ assets by year-end</cite>.
Key takeaways
🚀 Major Launch: Ondo Finance officially launched Ondo Global Markets, bringing 100+ tokenized US stocks and ETFs to Ethereum for non-US investors.
💼 Institutional Backing: Platform backed by securities held at US-registered broker-dealers, with partnerships including BitGo, Ledger, and Chainlink.
📈 Expansion Plans: Company plans to expand to over 1,000 assets by end of 2025 and introduce tokens to Solana and BNB Chain.
🌍 Global Access: Investors in Asia-Pacific, Europe, Africa and Latin America can mint and redeem shares 24/7 during trading days.
Deep dive
Ondo Finance's launch of Ondo Global Markets represents a significant milestone in the tokenization of traditional financial assets.
The platform offers tokenized versions of major companies like Apple and Tesla, along with popular ETFs from Fidelity and BlackRock, providing global investors with unprecedented access to US equity markets through blockchain technology.
The initiative leverages partnerships with established financial infrastructure providers including Block Street, a startup backed by Citadel, Point72, and Jane Street and plans aggressive expansion to over 1,000 assets by year-end.
This development positions Ondo as a leader in the growing real-world asset tokenization space, potentially driving increased adoption of the ONDO token as the ecosystem expands.
Polaris insights AI-generated
Disclaimer: This article may contain content generated or assisted by AI, based on information from public sources. While we aim for accuracy, no content should be taken as financial or trading advice. Always do your own research and consult a professional before making investment decisions. Markets are volatile and involve risk.
