Tokenisation Platform Unveiled by Ondo Finance to Put Stocks, Bonds, and ETFs on the Blockchain

To speed up the transition of conventional assets to blockchain technology, Ondo Finance, a prominent tokenised real-world asset (RWA) issuer, has introduced a new product.

Ondo Global Markets (Ondo GM), a platform devoted to offering onchain access to equities, bonds, and exchange-traded funds (ETFs), was unveiled by Ondo on Tuesday.

It is yet unknown exactly which stocks, bonds, and exchange-traded funds will be offered. According to data source rwa.xyz, Ondo is currently the third-largest tokenised Treasury issuer in the world, with a market capitalisation of more than $600 million.

The new product will assist in avoiding what Ondo refers to as a "broken investment ecosystem," which is typified by exorbitant fees, limited access, and platform fragmentation that prevents millions of people from accessing capital markets and inhibits innovation.

"By leveraging blockchain technology, we can bring institutional-grade financial markets onchain, making them more accessible, transparent and efficient," Ondo stated on X.

With rules in place that dictate who may access, purchase, or sell the tokens, Ondo GM will permit the creation of freely transferable tokens tied to stocks, bonds, and exchange-traded funds (ETFs), taking inspiration from stablecoin liquidity.

Ondo's first summit is scheduled on February 6 in New York. In the days preceding the event, the platform promised to make significant announcements.

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