Tuesday, January, 21, 2025

Ondo Finance Brings Tokenized U.S. Stocks to BNB Chain in Global Expansion Move

Ondo Finance expands tokenized U.S. stocks to BNB Chain, giving global investors seamless blockchain-based market access.
ONDO
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Fridah Kangai

Fridah Kangai is a dedicated crypto journalist with a sharp eye for market trends, blockchain innovation, and digital asset movements. She specializes in breaking down complex topics into clear, engaging stories for both seasoned investors and curious newcomers. With a passion for decentralization and a pulse on the ever-evolving crypto space, Fridah delivers timely, accurate, and insightful coverage. Her work bridges the gap between technology and everyday understanding in the world of cryptocurrency.
  • Ondo expands tokenized U.S. stocks to BNB Chain globally.
  • Non-U.S. investors gain blockchain access to U.S. equities.
  • Ondo strengthens tokenized asset reach with rapid DeFi growth.

Ondo Finance has expanded its tokenized securities platform, Ondo Global Markets, to the BNB Chain. This move aims to give non-U.S. investors access to U.S. equities through blockchain-based settlement and custody.

The growth enables users to trade in more than 100 tokenized U.S. stocks and ETFs at any time of the day. It is a significant milestone in the direction of making the traditional markets more accessible with blockchain technology.

Ondo Global Markets was initially introduced on Ethereum in September and has since noted high adoption. The platform has soared to the top, with over 350 million in total value locked and over 669 million in onchain volume.

According to Ondo Finance CEO Nathan Allman, the growth of the BNB Chain presents new global opportunities. In his opinion, it is the most cost-effective and fast enough network that people in the continents of Asia and Latin America can use.

Also Read: OceanPal Makes Bold Move into AI and Blockchain with $120M Investment in NEAR

Ondo Strengthens Its Reach in the Tokenized Asset Market

The move was welcomed by Sarah Song, the head of business development at BNB Chain, as a positive sign of momentum. She stated that physical goods were one of the fastest-moving assets in the BNB Chain ecosystem.

Founders Fund, one of the strongest investors, was able to support Ondo Finance and help it develop at a significant velocity. In 2022, the company raised $20 million in a Series A round and then a $10 million public token sale.

To enhance its infrastructure, Ondo acquired U.S.-regulated broker Oasis Pro and blockchain developer Strangelove. Such purchases position it as a stronger entity in the regulated digital asset services and cross-chain growth.

In early 2021, Ondo collaborated with World Liberty Financial, a company supported by Trump, to support tokenized real-world assets. The partnership will involve integrating Ondo’s tokenized assets into WLFI’s network as treasury reserves.

Ondo also questioned the initiative of tokenized equities by Nasdaq, demanding further information on the settlement procedures. The company insists that tokenization of stocks on a full scale should be adopted only after proper clarity can be secured.

According to statistics provided by DefiLlama, Ondo Finance currently has a total value locked of nearly $1.8 billion. Its acquisition by BNB Chain increases its presence in the DeFi sector and the tokenized finance sector.

Also Read: Bitwise Solana Staking ETF Gets NYSE Approval, Offering New Investment Opportunity

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