BNB News Update: Ondo's Transition to BNB Chain Expands 24/5 Worldwide Entry to U.S. Markets
- Ondo Finance expands tokenized securities platform to BNB Chain, offering 100+ U.S. stocks/ETFs to global investors via Bitget Wallet. - Partnership enables 24/5 trading for non-U.S. users, bypassing traditional brokers through blockchain-backed real-world assets (RWAs). - Platform now holds $350M TVL, leading tokenized securities market growth as BNB Chain strengthens RWA ecosystem adoption. - Cross-chain compatibility with Ethereum/Solana enhances liquidity, while competition intensifies with rivals li
Ondo Finance has broadened its tokenized securities offerings to the
These tokenized assets are fully collateralized by real securities stored with U.S. custodians, providing investors with exposure to price changes and reinvested dividends, CoinEdition highlighted. Unlike standard DeFi protocols that depend on liquidity pools, Ondo’s system links directly to liquidity in traditional equity markets, allowing trades from as little as $1, CoinEdition stated. Since launching on
This move supports BNB Chain’s initiative to expand its real-world asset (RWA) ecosystem. Sarah Song, BNB Chain’s business development lead, said Ondo’s participation affirms the chain’s progress in the RWA sector, The Block reported. The tokenized securities sector has more than doubled since August, reaching nearly $700 million in TVL, with Ondo accounting for about $320 million, CoinDesk noted. This surge mirrors broader adoption by platforms such as Robinhood and Kraken, which have also launched onchain equity trading, CoinDesk added.
Ondo’s CEO, Nathan Allman, highlighted the significance of BNB Chain’s user community, calling the expansion a “key milestone in making U.S. markets accessible worldwide via blockchain,” The Block reported. The platform’s cross-chain support—including Ethereum,
This expansion also ramps up competition in the tokenized equities sector. Ondo now contends with competitors like Backed and Kraken’s xStocks, both operating on BNB Chain, CoinDesk reported. The rapid growth of the tokenized securities market highlights its potential to transform traditional finance, with Ondo’s TVL surpassing all other platforms combined, according to CoinEdition.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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