Ondo Finance has announced its new platform, which will offer stocks, bonds, and exchange-traded funds (ETFs) onchain. The company stated that this move will make securities markets more accessible, similar to how stablecoins impacted the accessibility of the US dollar.
The new platform, called Ondo Global Markets (Ondo GM), aims to transform financial markets into a blockchain-based structure, ensuring greater transparency and efficiency.
“The current investing experience is full of challenges. High fees, limited access, transfer frictions, and hidden risks create major obstacles for both investors and companies.” – Ondo Finance
Reshaping Securities Markets with Blockchain
Ondo Finance emphasizes that blockchain technology is the key to overcoming traditional financial market barriers. According to the company, stocks, bonds, and ETFs will be tokenized through blockchain, making them more transparent and accessible.
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The new platform will cover over 1,000 securities listed on the New York Stock Exchange (NYSE) and Nasdaq. As part of this initiative, shares of companies such as Apple, Tesla, and Uber will be tokenized.
“Each token will be backed 1:1 by the security it tracks.” – Ondo Finance
Additionally, global access will be available 24/7 through the platform.
Traditional Exchanges Adapt to Competition
With the rise of onchain trading, traditional exchanges are developing new strategies to stay competitive.
For example, Cboe Global Markets announced on February 3 that it will introduce 24-hour weekday trading. This move aims to increase global investors’ access to U.S. equities.
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