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
Ondo Finance has broadened its tokenized securities service to
This initiative targets the 3.4 million daily active users on BNB Chain, especially in Asia and Latin America, where regulatory and geographic challenges often restrict access to U.S. financial markets, as reported by
 
 
    This expansion puts Ondo in direct competition with other BNB Chain-based platforms such as Backed and Kraken’s xStocks, Blockonomi noted. By utilizing blockchain interoperability, Ondo’s tokens can now be transferred between Ethereum,
Ondo’s expansion is supported by key partnerships and acquisitions. In 2022, the company raised $20 million in Series A funding led by Peter Thiel’s Founders Fund, followed by an additional $10 million through a public token offering, TheCoinRise reported. Ondo also acquired U.S.-regulated broker
Regulatory matters remain a priority. Ondo recently contested Nasdaq’s proposal for tokenized equities, seeking more transparency on settlement mechanisms, TheCoinRise wrote. Meanwhile, Sarah Song, BNB Chain’s head of business development, highlighted that real-world assets (RWAs) are among the network’s fastest-growing sectors, and described Ondo’s arrival as a sign of this trend in an article on
With $1.8 billion in TVL across its platforms, Ondo is working to connect traditional finance with decentralized solutions, providing a “single self-custodial wallet” for investors globally, CoinEdition reported. As tokenized assets become more popular, Ondo’s expansion highlights the role of blockchain in opening up access to U.S. markets for a broader audience.
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.
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