Ondo Finance, led by CEO Nathan Allman, has introduced over 100 tokenized U.S. stocks and ETFs on Ethereum, available to non-U.S. investors, marking a significant DeFi development.
The launch bridges traditional equity markets and DeFi, promoting broader access and liquidity, without public funding updates but securing institutional partnerships to emphasize asset security and compliance.
Ondo Finance has launched Ondo Global Markets on Ethereum, making over 100 tokenized U.S. stocks and ETFs available to non-U.S. investors. This initiative bridges traditional equity markets with decentralized finance (DeFi) infrastructure.
The initiative is spearheaded by Nathan Allman, CEO of Ondo Finance. It aims to provide global investors with access to a vast array of tokenized assets while integrating DeFi with regulated financial markets.
The introduction of tokenized stocks on Ethereum is expected to enhance liquidity and accessibility. It also allows 24/5 trading for non-U.S. investors, bypassing conventional brokerage services through partnerships with Trust Wallet and 1inch.
Financial outcomes could include narrowed transaction spreads, as shown by early data on Apple shares. The regulatory landscape remains uncertain, with initial sentiment yet to surface among developers and institutional entities.
Other projects, like Synthetix and Mirror Protocol, have similarly tokenized real-world assets but on a smaller scale. Ondo’s launch surpasses these in scope by starting with over 100 assets, setting a new standard.
Experts suggest this move could enhance Ethereum’s role in asset tokenization. Potential outcomes hinge on regulatory responses and market adoption, reflecting trends in DeFi’s evolving landscape.
“Global investors can now access the largest selection of transferable tokenized U.S. stocks and ETFs on chain.” — Nathan Allman, CEO, Ondo Finance
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