Market Watch

Ondo Expands Tokenized Stocks to BNB Chain

Real-world asset (RWA) specialist Ondo Finance (Ondo) has expanded its tokenized securities platform to the BNB Chain BNB, bringing over a hundred U.S. stocks and ETFs to one of the most active blockchain networks. The move opens access for BNB Chain’s 3.4 million daily users to buy and sell tokenized shares of companies like Apple or Tesla, as well as popular ETFs, around the clock thorugh Ondo Global Markets.

These assets are aimed primarily at non-U.S. investors who want exposure to U.S. markets but may be blocked by geographic or regulatory barriers. Tokenized stocks took off earlier this year as digital brokerages and crypto exchanges, including Robinhood, Kraken, Bybit, Gemini started offering rading equities onchain.

Ondo’s expansion into BNB Chain brings it into closer competition with projects like Backed and Kraken’s xStocks, which also offer tokenized financial assets on BNB. This step into BNB Chain deepens the tokenized stock market’s reach into Asia and Latin America, where BNB has a strong user base.

The broader tokenized stock market has more than doubled since August to nearly $700 million currently, according to data from RWA.xyz. Since its launch in September, Ondo Global Markets has become one of the largest players in the space, with around $320 million in total value locked, per RWA.xyz.
Terron Gold

Recent Posts

Candy Digital Announces Migration to Solana as NFT Platform Repositions for Long Term Growth

NFT platform Candy Digital has announced plans to migrate its digital collectibles ecosystem to the Solana blockchain, signaling…

10 hours ago

US Military Runs Bitcoin Node for National Security Testing, Admiral Tells Congress

The U.S. military has confirmed it is actively running a Bitcoin node as part of national security research, while…

10 hours ago

Over 90% of Web3 Games Failed After $15 Billion Boom as Players Never Showed Up

The Web3 gaming sector is facing a harsh reality check as new data reveals that more…

11 hours ago

Justin Sun Sues Trump Linked World Liberty Financial Over Frozen Crypto Assets

Justin Sun, founder of TRON, has filed a federal lawsuit against World Liberty Financial, a crypto venture…

13 hours ago

Tether Freezes $344 Million in USDT on Tron After Wallets Flagged by U.S. Authorities

Tether has frozen approximately $344 million in USDT on the Tron blockchain after the wallets were flagged by U.S. authorities, marking…

14 hours ago

Kalshi Fines and Suspends Three Congressional Candidates for Betting on Their Own Elections

Prediction market platform Kalshi has fined and suspended three U.S. congressional candidates after determining they engaged in “political…

15 hours ago