Near co-founder says liquidity remains the biggest challenge for tokenized stocks
The issue turns into extra obvious for bigger trades. Polosukhin used Nvidia for example, saying that buying $10 million price of the inventory is comparatively easy by Nasdaq, however executing an equal tokenized commerce onchain stays troublesome as a result of accessible markets are a lot thinner.
$NEAR is making an attempt to deal with that hole by $NEAR Intents, which permits customers to specify the asset and quantity they need somewhat than manually navigating particular person chains, bridges and liquidity swimming pools.
Beneath the mannequin described by Polosukhin, a consumer searching for $10 million of tokenized Nvidia may submit an intent, whereas a solver may supply or mint the corresponding property by Ondo as a part of the transaction.
“This now permits anybody to return in and really faucet into liquidity of Nasdaq onchain,” Polosukhin mentioned, including that $NEAR Intents may mixture liquidity from onchain markets, centralized exchanges and conventional monetary venues somewhat than counting on liquidity native to a single blockchain.
The feedback comply with the combination of Ondo Shares with close to.com and $NEAR Intents in September. The rollout initially introduced 20 tokenized US shares, ETFs and commodity linked merchandise to the platform, together with Nvidia, Tesla, Apple, Microsoft and Amazon.
Ondo mentioned its tokenized securities platform had surpassed $1 billion in complete worth locked and $26 billion in cumulative buying and selling quantity on the time of the combination.
Ondo Shares are additionally accessible throughout Ethereum, Solana and BNB Chain, illustrating the rising variety of networks competing for tokenized fairness exercise. $NEAR Intents takes a unique method by trying to route demand throughout these markets somewhat than requiring liquidity to focus on one chain.
Polosukhin mentioned this aggregation mannequin may develop into more and more vital as extra actual world property transfer onchain.
“$NEAR Intents develop into an aggregator not simply of onchain centralized exchanges, however now Nasdaq and different liquidity that’s buying and selling these RWAs,” he mentioned. “We’re unifying liquidity throughout all the venues.”
