Ondo Expands Access to Tokenized U.S. Stocks and ETFs on BNB Chain Translation: Ondo Expands Access to Tokenized U.S. Stocks and ETFs on BNB Chain

The Ondo Global Markets platform has enhanced its support for the BNB Chain network. Users within the ecosystem now have access to over 100 tokenized American stocks and ETFs.

The Ondo Finance and Ondo Foundation RWA project launched Ondo Global Markets in September. Initially, the platform’s products were available on Ethereum. According to a press release, in the weeks following its launch, the total value locked (TVL) surpassed $350 million, while trading volume reached $670 million.

This integration will enable customers from 3.4 million active BNB Chain wallets to trade these new assets. The initiative will receive backing from several major projects within the ecosystem, including the DEX PancakeSwap.

Sara Sun, the business development head at BNB Chain, highlighted that RWA is one of the fastest-growing segments within the ecosystem. She stated that the partnership with Ondo Finance reinforces this trend by linking traditional markets with blockchain technology.

Nathan Allman, CEO of Ondo Finance, mentioned that the expansion to BNB Chain would grant millions of users in Asia and Latin America access to American securities. He emphasized the speed, cost-effectiveness, and compatibility of the network.

Since its launch in July 2021, Ondo Finance has emerged as one of the largest platforms in the RWA sector, having tokenized assets worth $1.8 billion, with approximately 28,370 holders of Ondo products.

As of the time of writing, the market capitalization of the RWA sector stands at $35.5 billion.

Ethereum leads the popularity rankings among networks with a valuation of $11.9 billion.

Additionally, in February, Ondo Finance joined the Multi-Token Network blockchain system from Mastercard as part of a new partnership.