On Wednesday, on Wednesday launched its tokenized stock platform called the Ondo Global Markets, which offers non-American investors access to more than 100 US shares and stock exchangeed funds (ETFS) On-chain.
The tokenized shares, first announced in February, have gone live at Ethereum and are supported by securities held at US-registered brokers, the company said.
The offer includes Crypto Token — versions of Apple (AAPL)Nvidia (NVDA) and QQQ ETF among others. Investors in the Asia-Stophava, Europe, Africa and Latin America can mint and redeem shares around the clock around the clock during trade days with access to underlying exchange liquidity. The service is not available to US users.
Tokens is designed to move freely between wallets, exchanges and decentralized financing (Defi) Protocols. The company has also collaborated with Bitgo, Ledger, Chainlink and other infrastructure providers in support of the rollout.
Ondo said it is planning to expand the election to more than 1,000 assets by the end of this year and bring the service to Solana and BNB chain (Bnb) with Layerzero-driven interoperability.
“We saw stableecoins exporting the US dollar by bringing it on-chain,” said Nathan Allman, founder and CEO of Ondo Finance. “Now the Ondo Global Markets are doing the same for us securities.”
The rolling comes as tokenization of assets in the real world (Rwas) Get speed across crypto markets, with projects that bring treasuries, private credit and now shares to blockchains pursuing wider access and liquidity.
A list of trading platforms and stock exchanges has introduced tokenized shares in the last few months, including by Robinhood, Gemini, Kraken and several other crypto exchanges. Coinbase and Etoro also shared plans to offer stock trading in token form. However, some offers drew back on potential issues such as limited shareholder rights and fragmented rules.
