Ondo Finance, a leading tokenized asset in the real world (RWA), has revealed a new offer to accelerate the onboarding of traditional assets for blockchain technology.
On Tuesday, Ondo Global Markets (Ondo GM) introduced a platform dedicated to giving onchain access to stocks, bonds and stock exchange (ETFs).
The specific details of which stocks, bonds and ETFs are available are not yet known. Ondo, with a market capital of over $ 600 million, is already the world’s third largest tokenized Treasury issuer, according to Data Source Rwa.xyz.
The new offer will help bypassing what Ondo calls a broken investment ecosystem characterized by high fees, limited access, platform fragmentation that locks millions out of the capital markets and suffocates innovation.
“By utilizing blockchain technology, we can bring institutional financial markets at chain, making them more accessible, transparent and effective,” said Ondo at X.
With inspiration from stableecoin liquidity, Ondo GM will allow for the creation of freely transferable tokens associated with shares, bonds and ETFs with checks on controls in place that determine who can access, buy or sell tokens .
The inaugurating summit will be held in New York on February 6th. The platform has promised big messages every day until the event.
