Ondo Finance, a leading platform in real-world asset (RWA) tokenization, has launched Ondo Global Markets (Ondo GM), a groundbreaking solution designed to bring US securities, including stocks, bonds, and exchange-traded funds (ETFs), onchain. This initiative aims to solve significant challenges in traditional securities markets by leveraging blockchain technology to enhance accessibility, transparency, and efficiency.
In a recent blog post, Ondo Finance highlighted the inefficiencies in the current investing landscape, such as high fees, platform fragmentation, and limited access. The company believes blockchain technology holds the key to overcoming these barriers. “The current investing experience is broken,” the post stated, citing the need for a more streamlined, cost-effective approach for both investors and financial institutions.
Drawing inspiration from the success of stablecoins in revolutionizing the accessibility of US dollars, Ondo GM seeks to bring institutional-grade financial markets onchain. By tokenizing securities, the platform will allow investors to trade stocks, bonds, and ETFs through transferable tokens, each backed 1:1 by the security it represents.
Ondo GM will provide exposure to over 1,000 securities listed on major exchanges like the NYSE and Nasdaq, including high-profile companies such as Apple, Tesla, and Uber. This innovation will enable continuous global asset trading, ensuring that investors can access markets 24/7 from anywhere in the world.
The launch of Ondo GM comes at a time when traditional exchanges are adjusting to remain competitive. Cboe Global Markets, one of the largest securities exchanges, recently announced plans to expand its trading hours to 24 hours a day on weekdays. This move reflects the growing demand for always-available trading options, a trend accelerated by RWA tokenization platforms like Ondo GM.
With Ondo GM, Ondo Finance is set to reshape the future of financial markets, making securities trading more efficient, accessible, and global in scope.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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