DeFi Protocol Ondo Finance Puts 100 Tokenized Stocks on Ethereum
Ondo Finance has launched tokenized versions of over 100 U.S.-listed stocks and ETFs on Ethereum, aimed exclusively at non-U.S. investors due to regulatory constraints. These tokenized assets are fully backed by real securities held at U.S. registered broker-dealers, allowing for 24/7 trading and fractional ownership. The project, known as Ondo Global Finance, is part of Ondo's broader goal to digitize traditional financial assets and make them accessible globally. Recently acquiring Oasis Pro, which holds necessary licenses, Ondo is positioned to streamline the acquisition of these assets. While several traditional crypto players have shown interest in tokenizing stocks, Ondo promises a more robust offering with regulatory backing, liquidity, and broader accessibility. The company plans to extend its services beyond Ethereum to other platforms such as BNB Chain and Solana by leveraging support from major crypto wallets. The initiative is expected to address barriers faced in previous tokenization efforts and aims for significant impact in the decentralized finance landscape.
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