This is the future of finance
#OndoFinance Tokenizes Stocks, Bonds, and ETFs on the Blockchain
Ondo Finance, a leading issuer of tokenized real assets (RWA), has unveiled a new offering to accelerate the onboarding of traditional assets to blockchain technology.
#ONDO on Tuesday introduced Ondo Global Markets (Ondo GM), a platform dedicated to providing on-chain access to stocks, bonds, and exchange-traded funds (ETFs).
Ondo, with a market cap of over $600 million, is already the third-largest issuer of tokenized securities in the world, according to data source rwaxyz.
The new offering will help avoid what Ondo calls a broken investment ecosystem characterized by high fees, restricted access, platform fragmentation that locks millions out of capital markets and stifles innovation.
“By leveraging blockchain technology, we can bring institutional-grade financial markets on-chain, making them more accessible, transparent, and efficient,” Ondo said on X.
Taking inspiration from the liquidity of stablecoins, Ondo GM will enable the creation of freely transferable tokens pegged to stocks, bonds, and ETFs with controls in place determining who can access, buy, or sell the tokens.
#BinanceSquareFamily #Altcoin