Ondo Finance Launches Tokenized Equity Platform for Non-U.S. Investors
Ondo Finance launched its tokenized equity platform, Ondo Global Markets, allowing non-U.S. investors to access over 100 U.S. stocks and ETFs on-chain. Key points include:
- The platform is operational on Ethereum, backed by securities at U.S.-registered broker-dealers.
- Available tokens include versions of Apple, Nvidia, and the QQQ ETF.
- Investors from Asia-Pacific, Europe, Africa, and Latin America can mint and redeem shares during trading days; U.S. users are excluded.
- The tokens can move freely between wallets, exchanges, and DeFi protocols.
- Partnerships with BitGo, Ledger, and Chainlink support the rollout.
- Ondo plans to expand to over 1,000 assets by year-end and extend services to Solana and BNB Chain.
This launch coincides with a trend of tokenizing real-world assets in crypto markets, enhancing access and liquidity.
Recent months have seen various platforms like Robinhood, Gemini, and Kraken introduce similar offerings, although some face regulatory challenges regarding shareholder rights.