Ondo Global Markets expands tokenized securities platform to BNB Chain
Ondo Finance is expanding its tokenized U.S. stocks and ETFs platform, Ondo Global Markets, to the BNB Chain.Summary
DeFi platform and tokenized real-world asset issuer Ondo Finance is extending its Ondo Global Markets platform to the BNB Chain, allowing non-U.S. investors access to tokenized U.S. equities with 24/7 blockchain settlement.
Launched on Ethereum in September, the platform quickly achieved over $350 million in total value locked (TVL). Ondo Finance CEO Nathan Allman stated that the expansion to BNB Chain aims to bring tokenized U.S. stocks and ETFs to millions of users across Asia, Latin America, and other regions, leveraging BNB Chain's fast and cost-efficient environment.
Ondo Finance has been actively expanding its RWA infrastructure, including acquiring the U.S.-regulated broker Oasis Pro and blockchain developer Strangelove. The company currently holds nearly $1.8 billion in TVL, though it recently expressed reservations about Nasdaq's proposal for tokenized equities, citing a need for more transparency regarding settlement mechanisms.
(Source：The Block)