Ondo Finance has announced the launch of Ondo Global Markets, offering over 100 tokenized U.S. stocks and ETFs on the Ethereum platform.
Launch of Ondo Global Markets
Ondo Finance has launched Ondo Global Markets, featuring over 100 tokenized U.S. stocks and ETFs. The platform aims to provide liquidity to traditional financial assets with 24/7 accessibility. This enables non-U.S. investors to access assets such as Apple, Tesla, and Nvidia without geographic barriers.
Role of Chainlink and Data Security
A key aspect of the launch is the partnership with Chainlink, which has become the official oracle provider for secure price data. This collaboration is aimed at ensuring accurate asset valuations and enhancing DeFi composability. By utilizing Chainlink's decentralized oracles, Ondo mitigates risks of price manipulation and increases trust in tokenized TradFi products.
Ecosystem Support and Market Response
The ecosystem support includes integrations with wallets such as Trust Wallet, and exchanges including MEXC and 1inch. Users will be able to mint and redeem tokens 24/5, backed by traditional market liquidity. The market positively responded to the announcement of launch, with ONDO's price surging over 3% amid hype around tokenized assets.
The launch of Ondo Global Markets represents a significant step towards the tokenization of assets, foreshadowing changes in the financial landscape. This initiative provides broader access to assets and unlocks new financial instruments, thanks to integration with Chainlink and community support.
