Ondo Finance has integrated over 100 tokenized US stocks and ETFs onto the BNB Chain, aiming to expand its reach among non-US users. This move broadens access to real-world assets for millions, especially in Asia and Latin America.
Ondo Global Markets on BNB Chain
Ondo Finance has integrated over 100 tokenized US stocks and ETFs onto the BNB Chain, aiming to expand its reach among non-US users. This move broadens access to real-world assets for millions, especially in Asia and Latin America.
Nathan Allman, CEO of Ondo Finance, emphasized the importance of this integration for expanding access to Web3 markets. The project involves core team members with experience in trading, blockchain, and decentralized finance.
"BNB Chain is home to one of the largest and most engaged global user bases in Web3. Expanding Ondo Global Markets to BNB Chain allows us to bring tokenized US stocks and ETFs to millions of users across Asia, Latin America, and other geographies in an environment that is fast, cost-efficient, and highly interoperable."
Nathan Allman, CEO, Ondo Finance
Integration Boosts BNB Chain's Global Reach
Ondo Finance's integration onto the BNB Chain aims to significantly expand its reach among non-US users, thereby broadening access to real-world assets for millions, particularly in Asia and Latin America. This expansion enables broader access to real-world assets, enhancing cross-border investment opportunities via a fast and cost-efficient blockchain environment, while boosting liquidity and visibility on BNB Chain.
Nathan Allman, CEO of Ondo Finance, highlighted the significance of this integration for broadening access to Web3 markets. The initiative is supported by a team with extensive experience in trading, blockchain technology, and decentralized finance.
"BNB Chain is home to one of the largest and most engaged global user bases in Web3. Expanding Ondo Global Markets to BNB Chain allows us to bring tokenized US stocks and ETFs to millions of users across Asia, Latin America, and other geographies in an environment that is fast, cost-efficient, and highly interoperable."
Nathan Allman, CEO, Ondo Finance
Liquidity Surges with $1.83 Billion Valuation
The expansion to BNB Chain has contributed to an increase in liquidity and visibility for tokenized real-world assets. Ondo Finance's market involvement has seen substantial growth, reflected in a valuation of $1.83 billion and active trading of these assets on PancakeSwap.
This tokenization effort is anticipated to enhance financial opportunities within the cryptocurrency ecosystem. Ondo's recent strategic moves suggest a potential rise in decentralized finance activity, further supported by the substantial user base present on the BNB Chain.
Ondo Finance's Tokenization Outpaces Rivals
Previous tokenization efforts, such as Franklin Templeton's US Treasuries initiative, established foundational pathways for Real-World Assets (RWAs). Ondo Finance's current integration on BNB Chain appears to surpass these earlier attempts by providing direct access to tokenized US stocks and ETFs.
Industry experts suggest that regulatory scrutiny is likely to intensify as Ondo Finance's tokenization initiatives gain momentum. Historical trends indicate that non-US markets, including Asia and Latin America, may drive higher adoption rates following this strategic expansion.