Ondo Finance has announced a groundbreaking launch of tokenized access to over 100 US stocks and ETFs, propelling the integration of blockchain into traditional finance.
Launch of Tokenized Assets
The Ondo Global Markets platform is now available for investors from the Asia-Pacific, Europe, Africa, and Latin America. Users can mint and redeem tokenized US stocks and ETFs, which are backed 1:1 by real-world assets. 'It's immensely rewarding to see this system live after years of thinking about its design,' said one of the founders of Ondo Finance.
Partnerships and Technology
The launch has garnered support from leading crypto platforms such as OKX Wallet, Bitget Wallet, and others. Built on the Ethereum blockchain, these tokenized products are tradable 24/7. Moreover, Ondo Finance plans to expand its offerings to over 1,000 assets and integrate with other blockchains, including Solana and BNB Chain.
Fed Conference and RWA Market Growth
The Federal Reserve announced a conference on payments innovation scheduled for October 21. It will serve as a platform for discussing the tokenization of financial products and the convergence of decentralized and traditional finance. In light of this, the value of tokenized real-world assets has hit an all-time high (ATH) of $27.8 billion.
The launch of Ondo Finance’s tokenized assets marks a significant milestone in the ongoing integration of blockchain technology into traditional financial systems. The Fed conference highlights the increasing interest in tokenization and financial innovation.
