Ondo Brings Tokenized U.S. Stocks to BNB Chain as Market Doubles to $700M
Ondo Finance expanded its tokenized U.S. stocks platform to the BNB Chain, reaching 3.4 million users.Summary
Ondo Finance, an RWA specialist, has launched its tokenized securities platform on the BNB Chain, offering access to over a hundred U.S. stocks and ETFs to the network's 3.4 million daily users through Ondo Global Markets. This move primarily targets non-U.S. investors seeking exposure to U.S. markets despite geographical or regulatory hurdles. The expansion intensifies competition with existing tokenized asset providers on BNB, such as Backed and Kraken's xStocks, while significantly deepening the market's reach into Asia and Latin America, regions where BNB has a strong user base. The overall tokenized stock market has recently surged, more than doubling since August to nearly $700 million, with Ondo Global Markets accounting for about $320 million in total value locked since its September launch.
(Source：CoinDesk)