Real-world assets (RWA) specialist Ondo Finance (Ondo) has extended its tokenized securities platform to the BNB chain bringing over a hundred US stocks and ETFs to one of the most active blockchain networks.
The move opens access to BNB Chain’s 3.4 million daily users to buy and sell tokenized stocks of companies like Apple or Tesla, as well as popular ETFs, 24 hours a day via Ondo Global Markets.
These assets are primarily aimed at non-US investors who want exposure to US markets but may be blocked by geographic or regulatory barriers.
Tokenized stocks took off earlier this year as digital brokerages and crypto exchanges, including Robinhood, Kraken, Bybit and Gemini, began offering stocks online.
Ondo’s expansion into BNB Chain brings it closer competition with projects like Backed and Kraken’s xStocks, which also offer tokenized financial assets on BNB. This step in BNB Chain deepens the reach of the tokenized stock market in Asia and Latin America, where BNB has a strong user base.
The broader tokenized stock market has more than doubled since August to currently reach nearly $700 million, according to data from RWA.xyz. Since its launch in September, Ondo Global Markets has become one of the largest players in the industry, with a total value locked of around $320 million, according to RWA.xyz.
Read more: “Tokenization will devour the entire financial system,” says Robinhood CEO
