A decentralized finance (DeFi) platform focused on real-world asset tokenization is launching an Ethereum (ETH)-based on-chain trading platform for stocks and exchange-traded funds (ETFs).
In a new thread on X, Ondo Finance (ONDO) says that its new platform will provide one of the largest selections of tokenized stocks and ETFs on the market.
“Wall Street 2.0 is here. Ondo Global Markets is now live, providing one of the largest-ever selections of tokenized U.S. stocks and ETFs on-chain with the liquidity of traditional finance, starting on Ethereum. 100+ assets now live, with hundreds more on the way.”
According to Ondo, this platform will remove the barriers for many investors who don’t have access to the $64 trillion US securities market.
“The current investment ecosystem is broken. Global investors have historically faced barriers to accessing the $64 trillion U.S. securities markets due to high fees, limited access, transfer frictions, platform fragmentation, and geographic exclusions.
These problems have persisted for decades, locking millions out of capital markets and stifling innovation. Ondo Global Markets breaks through these limitations and transforms how securities are issued, accessed, and traded.”
Ondo goes on to note that it strives to fix the three major problems that blockchain-based tokenization platforms tend to run into: illiquidity, wide spreads, and persistent price dislocations.
“Unlike prior models that attempt to recreate liquidity, Ondo tokenized stocks inherit it directly from traditional exchanges, enabling, for the first time, tokenized securities at scale with price integrity and true market depth.
And while some recent versions of tokenized stocks are locked in siloed platforms, Ondo’s are transferable and usable across DeFi, designed for composability, automation, and integration into the broader crypto ecosystem.”
The protocol says that the new marketplace will soon be going multichain, expanding to Binance’s BNB Chain and Solana (SOL), as well as Ondo Chain, its proprietary blockchain.
ONDO is trading for $0.972 at time of writing, a 7.1% increase during the last 24 hours.
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