Tuesday, 02 January 2024 12:17 GMT

Ondo Finance Issues Tokenized Securities In IBIT And GLXY


(MENAFN- Crypto Breaking) New entries consist of large companies and ETFs

The securities added span fields such as technology, energy and aerospace. In addition, IonQ, Eaton, Rocket Lab, GE Vernova, and VinFast Auto have become tokenized companies. Also, exchange-traded funds such as iShares MSCI India ETF and Vanguard Real Estate ETF have entered the platform.

Ondo Global Markets is currently working with over 250 tokenized instruments on various blockchain networks. They are accessible on Ethereum, Solana, and BNB Chain, enabling access to more global markets. In addition to this, any new securities are listed immediately on the platform and can be traded.

The growth comes with increasing regulatory transparency regarding tokenized securities in the U.S. Notably, Nasdaq 's proposal to trade tokenized securities was endorsed recently by the U.S. Securities and Exchange Commission. This trend has fostered the scaled offering of platforms based on real-world assets. Institutional investors are still increasing their demand for tokenized real-world assets. In addition, tokenization provides quicker settlement and underlies fractional ownership, which enhances accessibility. These aspects have helped blockchain-based financial products grow steadily.

RWA value is close to 2.6 billion

Statistics indicate that the aggregate real-world asset value in Ondo Finance is approaching 2.6 billion. The portfolio consists of tokenized US Treasuries, equities, and commodities. This increase also shows rising use of blockchain infrastructure in conventional finance. Although the ONDO token has seen a minor negative growth in recent trading sessions. The token is experiencing a 1% decline on the day and over 3% in the last week. Nevertheless, the wider crypto market has not been favorable and has impacted price action.

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links.

MENAFN20032026008006017065ID1110889146



Crypto Breaking

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Search