Real-world asset (RWA) specialist Ondo Finance (Ondo) has extended its tokenized securities platform to the BNB chain bringing over a hundred US stocks and ETFs to one of the most active blockchain networks.
The move opens up access for BNB Chain’s 3.4 million daily users to buy and sell tokenized shares in companies like Apple or Tesla, as well as popular ETFs, around the clock through Ondo Global Markets.
These assets are primarily aimed at non-US investors who want exposure to US markets but may be blocked by geographic or regulatory barriers.
Tokenized shares took off earlier this year when digital brokerages and crypto exchanges including Robinhood, Kraken, Bybit, Gemini started offering rading shares onchain.
Ondo’s expansion to BNB Chain brings it into closer competition with projects like Backed and Kraken’s xStocks, which also offer tokenized financial assets on BNB. This step into BNB Chain deepens the tokenized stock market’s reach into Asia and Latin America, where BNB has a strong user base.
The broader tokenized equity market has more than doubled since August to nearly $700 million currently, according to data from RWA.xyz. Since launching in September, Ondo Global Markets has become one of the biggest players in the space, with about $320 million in total value locked up, as of RWA.xyz.
Read more: ‘Tokenization is going to eat the whole financial system’, says Robinhood CEO
