Key Developments
- •Ondo has introduced over 100 tokenized U.S. stocks and ETFs to BNB Chain, accessible via PancakeSwap.
- •The tokenized asset market is nearing $700 million, with Ondo contributing significantly with $320 million in total value locked (TVL).
- •The ONDO token has seen a weekly gain of 2.78%, reflecting growing market confidence as Ondo expands its reach into Asian and Latin American markets.
Expanded Access to Equities on BNB Chain
Ondo Global Markets has successfully launched its tokenized securities platform on the BNB Chain. This new integration provides access to more than 100 U.S. stocks and Exchange Traded Funds (ETFs), allowing the 3.4 million daily users of BNB Chain to trade popular equities, including those from companies like Apple and Tesla, directly on the blockchain.
This offering is particularly beneficial for non-U.S. investors who encounter geographic or regulatory barriers to accessing traditional financial markets. The platform enables 24/7 blockchain-based settlement and custody of these assets. Trading activities are facilitated through PancakeSwap, integrating Wall Street-style assets into one of the most active decentralized ecosystems globally.
This launch marks Ondo as the first tokenization platform to scale U.S. stock and ETF offerings on the BNB Chain. This follows Ondo's initial launch on Ethereum in September, where the platform rapidly achieved $350 million in TVL and $669 million in on-chain trading volume.
Ondo's Growing Market Share in the Tokenization Trend
The market for tokenized stocks has experienced substantial growth, more than doubling since August and now approaching a valuation of $700 million, according to data from RWA.xyz. Ondo has emerged as a leading player in this space, accounting for approximately $320 million of this total value, positioning itself alongside other significant platforms like Kraken’s xStocks and Backed.
Ondo Finance's expansion onto the BNB Chain is expected to significantly enhance its presence in Asia and Latin America, regions with substantial BNB user communities. The company has received backing from Founders Fund and has recently undertaken strategic acquisitions, including broker Oasis Pro and developer Strangelove, to bolster its Real World Assets (RWA) strategy.
As of the latest reporting, the ONDO token is trading at $0.7423. While it experienced a 0.43% intraday increase, it saw a 2.18% drop over the last day. However, over the past week, ONDO has demonstrated a stable upward trend with a 2.78% gain, indicating sustained investor confidence despite broader market volatility.
Through its support for fractional ownership and continuous 24/7 market access, Ondo is actively transforming how global users interact with U.S. financial markets. The recent launch on the BNB Chain further solidifies the increasing importance of tokenization in bridging traditional finance with blockchain technology infrastructure.