Ondo Global Markets: Tokenizing Real-World Assets
Ondo Finance has launched Ondo Global Markets (Ondo GM), a revolutionary platform that aims to tokenize real-world assets (RWAs) like stocks, bonds, and exchange-traded funds (ETFs) on the blockchain.
Global Access to US Securities
Through Ondo GM, investors outside the US can now access US securities such as AAPL, TSLA, SPY, QQQ, and more using stablecoins. This move eliminates traditional cost and geographic barriers, providing a seamless way to invest in US markets.
Legitimacy and Transparency
The tokens issued through Ondo GM are backed 1:1 by their underlying securities, ensuring legitimacy and transparency. These tokens function similarly to stablecoins, allowing for easy transfers across blockchain networks globally.
Benefits for Investors
- Instant minting and redemption
- Enhanced liquidity
- Access to on-chain financial services like lending, trading, and yield-generation opportunities
Ondo GM empowers investors to make their own decisions and compete on a level playing field by addressing challenges like high fees, limited availability, and transfer frictions.
RWA Sector Growth
The RWA sector has seen significant growth, reaching a record high of $16.88 billion in on-chain value. Data from RWA.xyz indicates a 94% increase in the past year, with $4 billion added in the last three months alone.
Private credit leads the market with $11.6 billion in tokenized value, followed by US Treasury debt ($3.5 billion) and commodities ($1.1 billion). Ethereum remains the dominant blockchain for RWAs, hosting 67 asset tokens.
Traditional Financial Institutions Embrace Tokenized Finance
Leading financial institutions like BlackRock and Franklin Templeton have shown a growing interest in tokenized finance, signaling a shift towards blockchain-powered investment solutions. This trend aligns with the surge in RWA adoption and the increasing involvement of institutional players in the crypto space.