US-based firm Ondo introduces over 100 tokenized American stocks on Ethereum blockchain, with plans to expand support to Solana and BNB networks soon.
Ondo Global Markets, a pioneering platform that merges traditional markets with blockchain technology, has officially launched its tokenized trading platform on Ethereum. The move marks a significant step towards expanding access to U.S. securities for global investors while maintaining compliance.
The launch was facilitated through a collaboration with brokerage infrastructure firm Alpaca, reflecting the growing need to bridge traditional and decentralized markets. Ondo Global Markets now offers over 100 tokenized U.S. stocks and ETFs, making them available to investors in Asia-Pacific, Africa, and Latin America, while retail and institutional investors in the U.S. and U.K. remain excluded.
Ondo's tokenized assets behave like stablecoins, positioning them for use in lending, hedging, and shorting strategies. The platform maintains deep liquidity similar to traditional exchanges while offering 24/7 global availability. Tokenized stocks on Ondo Global Markets can be integrated into DeFi platforms like stablecoins, offering new opportunities for decentralized finance.
In a bid to scale its offerings, Ondo aims to expand to more than 1,000 tokenized assets by year-end. Following the Ethereum launch, support for Solana and BNB Chain is set to follow soon, further broadening the platform's reach across multiple blockchains.
Moreover, Ondo has announced a collaboration with Block Street to extend features such as lending and shorting, allowing tokenized stocks and ETFs to function across decentralized platforms. This collaboration is expected to enhance the platform's functionality and attract more users.
The launch of Ondo Global Markets addresses long-standing market inefficiencies, including high fees, settlement delays, and geographic restrictions. By tokenizing assets, Ondo aims to create a more efficient and accessible market for global investors.
Ondo's U.S. stocks and ETFs are held by U.S. broker-dealers and security agents, ensuring full backing by real securities. The offering opens U.S. securities to more global investors while retaining compliance.
As Ondo Global Markets continues to grow, it is poised to become a leading platform for tokenized trading, bridging the gap between traditional markets and the decentralized world of blockchain. The platform's commitment to scaling its offerings from the current 100 assets to more than 1,000 by the end of 2025 underscores its ambition to revolutionize the financial industry.
