Ondo launches blockchain platform to tokenize US shares for world traders

Ondo Finance has launched Ondo International Markets (Ondo GM), a platform designed to deliver real-world assets (RWAs) reminiscent of shares, bonds, and exchange-traded funds (ETFs) onto the blockchain.

In response to a Feb. 4 statement, this transfer offers world entry to US securities by enabling traders exterior the US to achieve publicity by way of tokenized representations of those belongings.

It said:

“With Ondo GM, anybody exterior the US in eligible geographies can get publicity to 1000’s of US securities—AAPL, TSLA, SPY, QQQ, and so forth.—with minimal charges utilizing stablecoins, eradicating conventional value and geographic boundaries.”

The corporate mentioned that the token issued by way of Ondo GM maintains a 1:1 backing with its underlying safety, making certain legitimacy and transparency. It famous that these tokens operate equally to stablecoins, facilitating seamless transfers throughout blockchain networks past US borders.

Ondo furthered that traders profit from immediate minting and redemption, enhanced liquidity, and built-in entry to on-chain monetary companies, together with lending, buying and selling, and yield-generation alternatives.

Ondo added:

“Ondo GM will propel monetary markets into the open financial system, returning energy to stakeholders to make their very own choices and compete on a stage enjoying discipline, whereas addressing challenges like excessive charges, restricted availability, and switch frictions.”

To assist broader adoption, Ondo GM offers complete APIs that allow brokers, asset issuers, and fintech platforms to combine tokenized belongings into their programs. Moreover, a authorized framework ensures investor safety, safeguarding belongings with a structured method that minimizes threat.

RWA sector surges

Ondo’s transfer comes because the RWA sector has skilled outstanding progress, reaching an all-time excessive of $16.88 billion in on-chain worth.

Data from RWA.xyz reveals a 94% improve over the previous yr, with practically $Four billion added within the final three months alone. There at the moment are 83,049 entities holding RWAs, collectively managing belongings issued by 112 suppliers.

Personal credit score leads the market with $11.6 billion in tokenized worth, adopted by US Treasury debt ($3.5 billion) and commodities ($1.1 billion). Institutional funds signify a smaller portion, valued at round $410 million.

In the meantime, Ethereum stays the dominant blockchain for RWAs, internet hosting 67 asset tokens, whereas zkSync (28) and Arbitrum (20) observe intently.

The surge in RWA adoption aligns with rising curiosity from conventional monetary establishments. Conventional monetary establishments like BlackRock and Franklin Templeton have deepened their involvement in tokenized finance, signaling a shift toward blockchain-powered investment solutions.