At a Glance
- Ondo Global Markets has launched its tokenized products on BNB Chain, offering access to over 100 US stocks and ETFs.
- This expansion grants BNB Chain’s user base access to traditional financial markets via tokenized assets.
- PancakeSwap, BNB Chain’s largest DEX, will be the primary trading venue for these tokenized securities.
- Ondo aims to democratize access to US financial markets for global investors.
- The Kyrgyzstani government recently selected BNB Chain for its stablecoin project.
Ondo Global Markets Expands to BNB Chain
Ondo Global Markets, a platform focused on tokenizing real-world assets, has announced its expansion to the BNB Chain. This strategic move allows the extensive user base of BNB Chain to access over 100 tokenized Wall Street stocks and exchange-traded funds (ETFs).
The integration brings traditional financial assets to BNB Chain, which boasts approximately 3.4 million daily active users and a robust decentralized finance (DeFi) ecosystem. Leading projects within the BNB Chain ecosystem, such as PancakeSwap, will support the trading of these tokenized stocks and ETFs.
PancakeSwap, recognized as the largest decentralized exchange on the BNB Chain, is set to become the primary platform where users can trade the tokenized versions of US equities and ETFs. This partnership aims to bridge traditional finance with the growing digital asset space.
Democratizing Access to Financial Markets
A core objective for Ondo is to make US stocks and ETFs accessible to investors worldwide, especially those in regions like Asia and Latin America who may have limited access to traditional brokerage accounts. By leveraging blockchain technology, Ondo aims to break down geographical barriers and financial exclusion.
“Tokenized stocks turn real-world financial products into blockchain-based assets—making them accessible 24/7, transparent, and efficient,” stated the BNB Chain team in an official announcement. This highlights the inherent advantages of tokenization in enhancing financial accessibility and efficiency.
Previous Success on Ethereum
Ondo Global Markets previously launched its tokenized stock and ETF offerings on the Ethereum network approximately two months prior to the BNB Chain expansion. This initial launch proved highly successful, attracting over $350 million in total value locked (TVL) and facilitating nearly $670 million in on-chain trading volume.
Since its inception in July 2021, Ondo has established itself as a significant player in the real-world asset (RWA) tokenization space. According to data from RWA.xyz, the platform has tokenized approximately $1.8 billion worth of assets on the blockchain. Currently, there are around 28,370 holders of Ondo-tokenized financial products, indicating growing adoption among investors.
BNB Chain’s Growing Ecosystem Adoption
In parallel developments, the BNB Chain has been chosen by the government of Kyrgyzstan for its stablecoin project. This decision was made following a meeting of the country’s top blockchain committee, where plans for rolling out a central bank digital currency (CBDC) were also confirmed.
Former Binance CEO Changpeng Zhao was present at the event, emphasizing Kyrgyzstan’s initiative to integrate Binance Academy with ten of its leading universities. This collaboration aims to enhance blockchain education and make the Binance app more accessible to the nation’s 7.2 million citizens.
Final Thoughts
The expansion of Ondo Global Markets to BNB Chain signifies a significant step in bringing traditional financial assets to broader audiences through blockchain technology. This development, coupled with BNB Chain’s increasing adoption for governmental projects, highlights the growing synergy between traditional finance and decentralized ecosystems.