Ondo Global Markets Launches New Platform for Onchain Securities

Tokenized real-world asset issuer Ondo Finance has launched Ondo Global Markets, a platform designed to provide onchain exposure to U.S. public securities, including stocks, bonds, and exchange-traded funds.

> “What stablecoins did for dollars, Ondo Global Markets will do for securities,” Ondo stated in a recent announcement. By leveraging blockchain technology, the platform aims to bring institutional-grade financial markets onchain, enhancing accessibility, transparency, and efficiency.

Key Features

• Addressing Current Issues: The platform is expected to tackle challenges such as high fees, limited access, transfer friction, and lack of interoperability faced by current securities investors.
• Securities Offering: Ondo GM will provide access to over 1,000 securities listed on the NYSE and NASDAQ, including fixed-income ETFs and individual stocks like Apple and Tesla.
• Tokenization Process: Tokens issued on the Ondo GM platform will be backed 1:1 by underlying assets such as public stocks and will be transferable outside the U.S., similar to stablecoins.
• Integrated Permissioning: The platform will include issuers’ permissioning integrated into the distribution layer to empower stakeholders in the decision-making process.
• Global Distribution Channel: In addition to benefits for individual investors and issuers, the platform aims to serve as a new distribution channel for asset managers to access a global investor pool.

Market Position

Currently, Ondo Finance holds a total value locked (TVL) of over $650 million, as reported by DefiLlama.