Ondo Finance Launches On-Chain U.S. Stocks and ETFs

Ondo Finance has launched over 100 tokenized U.S. stocks and ETFs on the Ethereum blockchain, starting a new initiative targeting primarily non-U.S. investors.

Ondo Finance On-Chain Initiative

Ondo Finance has taken a significant step by enabling over 100 tokenized U.S. stocks and ETFs to be traded on-chain, primarily focusing on non-U.S. qualified investors, with expansion plans hinted. Collaborations promise enhanced tokenized real-world asset access.

Pioneering Efforts with Alpaca

Key players include Ondo Finance and their brokerage partner Alpaca, whose infrastructure supports the custody and execution of these assets. Alpaca facilitates institutional-grade compliance with registered broker-dealer status.

“Our collaboration with Ondo Finance ensures that their tokenized assets are supported by compliance and trusted brokerage infrastructure.” — Yoshi Yokokawa, CEO, Alpaca

Innovative Impacts on Liquidity

The initiative’s immediate impacts include improving liquidity for investors, utilizing wallets such as Trust Wallet to enhance currency access. The project also marks a precedent in the tokenized asset sector, parallel to traditional finance liquidity. While fostering financial innovation, the move excludes U.S., UK, and EEA participants due to regulatory reasons. The platform promises to change the financial landscape by providing real-time, on-chain liquidity options.

Ethereum’s Role and Future Prospects

The involvement with Ethereum as the initial supported network may increase Ethereum’s DeFi activities. This project represents a pioneering effort in bridging traditional and crypto financial markets globally.

Long-term outcomes could include greater cross-chain asset compatibility and enhanced global trade efficiencies. Historical trends suggest potential growth for governance tokens and widened adoption for real-world asset tokenization.

Wall Street 2.0 is here. Ondo Global Markets is now live, providing one of the largest-ever selections of tokenized U.S. stocks & ETFs onchain with the liquidity of traditional finance, starting on @Ethereum. 100+ assets now live, with hundreds more on the way.