Ondo Takes Steps to Accelerate Traditional Asset Adoption on Blockchain
Ondo Finance, a number one issuer of tokenized actual belongings (RWAs), has unveiled a brand new providing to speed up the adoption of conventional belongings on blockchain expertise. On Tuesday, Ondo unveiled Ondo World Markets (Ondo GM), a platform designed to offer entry to shares, bonds, and exchange-traded funds (ETFs) through blockchain. The precise particulars relating to which shares, bonds, and ETFs shall be accessible is just not recognized but.
Ondo, which has a market cap of over $600 million, is already the third-largest issuer of tokenized Treasuries on the earth, in line with information supply rwa.xyz. The brand new providing will assist circumvent what Ondo calls a damaged funding ecosystem characterised by excessive charges, restricted entry, platform fragmentation that locks thousands and thousands out of capital markets and stifles innovation.
Taking inspiration from the liquidity of stablecoins, Ondo GM will permit the creation of freely transferable tokens linked to shares, bonds and ETFs with controls in place that decide who can entry, purchase, or promote the tokens.
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