Quick take:
The company’s Ondo Global Markets trading platform now expands to Solana, after being initially only available on Ethereum and BNB Chain.
Traders will be able to trade U.S. stocks across all sectors, ETFs, market indexes, and sector funds.
They will also be able to trade Gold, silver, oil, strategic metals, as well as Treasury and corporate bonds, and Leveraged and inverse ETFs, among others.
Ondo Finance has launched Ondo Global Markets on Solana. The launch expands the tokenized securities trading platform to three chains, including Ethereum and BNB Chain. The expansion allows Solana users to now access Wall Street-grade liquidity across more than assets, including token tracking.
According to the announcement on Ondo Finance’s X account, traders will be able to trade U.S. stocks across all sectors, ETFs, market indexes, and sector funds. They will also be able to trade Gold, silver, oil, strategic metals, as well as Treasury and corporate bonds, and Leveraged and inverse ETFs, among others.
“Hundreds of tokenized stocks & ETFs are now live on @solana, bringing the full TradFi portfolio to crypto’s largest trading ecosystem,” the company wrote in the announcement. “Ondo Global Markets is how trillions in value connect to internet capital markets.”
Real-world asset tokenization has been one of the fastest-growing segments of the crypto space, attracting traditional financial institutions, including private credit providers and investment management companies.
“We’ve seen early signs of demand for on-chain equities on Solana, but liquidity depth and asset selection from the current versions of tokenized stocks remain limited today,” Ian De Bode, president of Ondo Finance, told CoinDesk. “Ondo’s tokenized stocks are built to address that by bringing liquidity inherited from traditional exchange venues and a broad catalog of stocks and ETFs on-chain.”
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The post Ondo Finance Brings Over 200 Tokenized US Stocks and ETFs to Solana appeared first on NFTgators.
