Ondo Global Markets expands tokenized securities platform to BNB Chain
Quick Take Ondo Global Markets launched in September and offers 100 tokenized equities onchain. Ondo Finance has a total value locked of nearly $1.8 billion, according to DefiLlama data.
DeFi platform and tokenized real-world asset issuer Ondo Finance will expand its tokenized securities platform to BNB Chain. The platform allows non-U.S. investors to get exposure to U.S. equities around the clock with blockchain-based settlement and custody.
Launched in September on Ethereum, Ondo Global Markets offers more than 100 tokenized U.S. stocks and ETFs onchain. The platform surpassed $350 million in total value locked (TVL) within weeks, according to a press release, driving over $669 million in total onchain volume.
"BNB Chain is home to one of the largest and most engaged global user bases in Web3," Ondo Finance CEO Nathan Allman said in the release. "Expanding Ondo Global Markets to BNB Chain allows us to bring tokenized U.S. stocks and ETFs to millions of users across Asia, Latin America, and other geographies, in an environment that is fast, cost-efficient, and highly interoperable. This is a major step toward making U.S. markets globally accessible through blockchain technology."
Peter Thiel's Founders Fund co-led a $20 million Series A for Ondo Finance back in 2022.
Earlier this year, Ondo Finance and the Trump-backed World Liberty Financial collaborated to advance the adoption of tokenized RWAs, and the latter said it would explore the integration of Ondo's tokenized assets into the WLFI network as treasury reserve assets. The company recently acquired U.S.-regulated broker Oasis Pro and blockchain developer Strangelove .
"Real-world assets are one of the fastest-growing segments on BNB Chain, and having Ondo Finance join our ecosystem is another strong validation of that momentum," said Sarah Song, head of business development at BNB Chain.
Earlier this month, Ondo Finance pushed back against the Nasdaq's proposal to support tokenized equities, saying more information is needed on how settlement would work. Nasdaq filed a rule change in September with the SEC for tokenized versions of stocks and argued that markets can adopt tokenization without waiving core investor protections.
Ondo Finance currently has a total value locked of nearly $1.8 billion, according to data from DefiLlama.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BNB News Update: Shattering Financial Limits: Ondo’s BNB Chain Growth Grants Global Investors Access to U.S. Markets
- Ondo Finance expands tokenized securities platform to BNB Chain, enabling non-U.S. investors to access 100+ U.S. stocks/ETFs via blockchain. - Partnership with Bitget Wallet and PancakeSwap offers zero-fee trading for 30 days, with assets backed by real-world securities and U.S. custodians. - Platform now supports Ethereum, Solana, and BNB Chain, achieving $1.8B TVL and targeting underserved Asian/Latin American markets for U.S. equity access. - BNB Chain's RWA ecosystem growth accelerates as Ondo become
Privacy-Oriented Canton Seeks to Connect Wall Street and Blockchain Through $500M SPAC
- Canton Network plans $500M SPAC to invest in Canton Coin, a privacy-focused blockchain token. - DRW and Liberty City will fund with Canton Coins, while BitGo's custody services and institutional backing (Goldman Sachs, Tradeweb) drive adoption. - SPAC leadership (ex-DRW COO, Liberty City executive) aims to institutionalize the ecosystem through validator roles and applications. - Success depends on regulatory approval, market confidence, and uncertain public listing timelines amid crypto volatility risks.
Bitcoin Updates: Will Bitcoin Maintain $112K? Experts Watch for $120K Surge Before Fed Decision
- Bitcoin dips below $112,000 but analysts view it as key support ahead of Fed's policy decision, with potential rebound to $120,000. - U.S.-China trade progress and institutional demand boost crypto markets to $3.83 trillion, with Ethereum reclaiming $4,000. - Solana's ETF approval and Visa's stablecoin expansion highlight growing institutional confidence in crypto assets. - Market remains cautious as Bitcoin's open interest declines, but 60% of Binance traders expect upward movement post-FOMC.
BNB News Update: Ondo’s Blockchain Bridge Opens Up U.S. Stock Market to International Investors
- Ondo Finance expands tokenized securities platform to BNB Chain, partnering with Bitget Wallet to offer U.S. stocks and ETFs to global users. - The platform targets 3.4 million daily active users in Asia and Latin America, enabling 24/5 trading with $1 minimums via blockchain infrastructure. - Competing with platforms like Backed and Kraken's xStocks, Ondo's tokens are transferable across Ethereum, Solana, and BNB Chain, enhancing liquidity. - Strategic partnerships and acquisitions, including $30M in fu
Trending news
MoreCrypto prices
More
