Ondo Finance, a specialist in real-world assets (RWA), has broadened its tokenized securities platform to the BNB Chain , providing access to over a hundred U.S. stocks and ETFs on one of the most active blockchain networks.
This initiative enables BNB Chain’s 3.4 million daily users to trade tokenized shares of companies like Apple and Tesla, as well as popular ETFs, 24/7 through Ondo Global Markets.
These assets primarily target non-U.S. investors seeking exposure to U.S. markets while facing geographical or regulatory hurdles.
Tokenized stocks gained momentum earlier this year as digital brokerages and crypto exchanges, including Robinhood, Kraken, Bybit, and Gemini, began offering trading equities on-chain.
Ondo’s foray into BNB Chain positions it in closer competition with platforms like Backed and Kraken’s xStocks, which also provide tokenized financial assets on BNB. This expansion into BNB Chain significantly enhances the reach of the tokenized stock market into Asia and Latin America, where BNB enjoys a robust user base.
The overall tokenized stock market has more than doubled since August, reaching nearly $700 million currently, according to data from RWA.xyz. Since its inception in September, Ondo Global Markets has emerged as a leading player in the industry, with approximately $320 million in total value locked, as per RWA.xyz.
Read more: ‘Tokenization Is Going to Eat the Entire Financial System’ Says Robinhood CEO
