Ondo Finance, a number one issuer of tokenized actual property (RWAs), has unveiled a brand new providing to speed up the adoption of conventional property on blockchain expertise. On Tuesday, Ondo unveiled Ondo International Markets (Ondo GM), a platform designed to supply entry to shares, bonds, and exchange-traded funds (ETFs) through blockchain. The precise particulars concerning which shares, bonds, and ETFs shall be obtainable shouldn’t be identified but.
Ondo, which has a market cap of over $600 million, is already the third-largest issuer of tokenized Treasuries on the earth, in response to knowledge supply rwa.xyz. The brand new providing will assist circumvent what Ondo calls a damaged funding ecosystem characterised by excessive charges, restricted entry, platform fragmentation that locks hundreds of thousands out of capital markets and stifles innovation.
Taking inspiration from the liquidity of stablecoins, Ondo GM will enable the creation of freely transferable tokens linked to shares, bonds and ETFs with controls in place that decide who can entry, purchase, or promote the tokens.
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