Actual-world asset (RWA) specialist Ondo Finance (Ondo) has expanded its tokenized securities platform to the BNB Chain , bringing over 100 U.S. shares and ETFs to one of the crucial lively blockchain networks.
The transfer opens entry for BNB Chain’s 3.4 million every day customers to purchase and promote tokenized shares of corporations like Apple or Tesla, in addition to widespread ETFs, across the clock thorugh Ondo World Markets.
These property are aimed primarily at non-U.S. buyers who need publicity to U.S. markets however could also be blocked by geographic or regulatory limitations.
Tokenized shares took off earlier this yr as digital brokerages and crypto exchanges, together with Robinhood, Kraken, Bybit, Gemini began providing rading equities onchain.
Ondo’s growth into BNB Chain brings it into nearer competitors with initiatives like Backed and Kraken’s xStocks, which additionally supply tokenized monetary property on BNB. This step into BNB Chain deepens the tokenized inventory market’s attain into Asia and Latin America, the place BNB has a powerful consumer base.
The broader tokenized inventory market has greater than doubled since August to just about $700 million presently, in line with information from RWA.xyz. Since its launch in September, Ondo World Markets has change into one of many largest gamers within the house, with round $320 million in complete worth locked, per RWA.xyz.
Learn extra: ‘Tokenization Is Going to Eat the Complete Monetary System’ Says Robinhood CEO
