Ondo Finance has introduced a new platform that aims to provide onchain exposure to U.S.-based securities, including equities, bonds, and ETFs.
Ondo Finance, a tokenized real-world asset issuer, has introduced Ondo Global Markets, a new platform that is intended to provide onchain exposure to U.S. public securities, including equities, bonds, and exchange-traded funds.
In its Tuesday announcement, Ondo Global Markets stated, “What stablecoins did for dollars, Ondo Global Markets will do for securities.” By utilizing blockchain technology, we can introduce institutional-grade financial markets onto the blockchain, thereby increasing their efficiency, transparency, and accessibility.
Ondo GM is anticipated to address challenges in the current securities investment environment, including high fees, limited access, transfer friction, and a lack of interoperability.
According to the announcement, the just-launched tokenization platform will provide access to more than one thousand securities listed on the NYSE and NASDAQ, including fixed-income ETFs and individual equities of companies like Apple and Tesla.
According to Ondo, tokens issued on the Ondo GM platform will be 1:1 guaranteed by an underlying asset, such as a public stock, and will be readily transferable outside the United States, similar to stablecoins.
The platform is also purported to provide issuers with permissioning that is incorporated into the distribution layer, thereby granting stakeholders the ability to make decisions.
The platform can also offer a new distribution channel for asset managers to a global pool of investors, in addition to the benefits it provides to individual investors and issuers, according to Ondo.
At present, Ondo Finance has a total value of over $650 million that has been secured, as indicated by data from DefiLlama.
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