TLDR
- ONDO has launched its tokenized stock trading platform on the BNB Chain network.
- The expansion allows over 3.4 million daily BNB Chain users to trade tokenized U.S. stocks and ETFs.
- ONDO now offers more than 100 tokenized assets including Apple stock and various ETFs.
- The platform operates 24 hours a day and targets investors outside the United States.
- Investors can now bypass regulatory and geographic barriers using ONDO on BNB Chain.
ONDO has launched its tokenized securities platform on BNB Chain, expanding access to tokenized U.S. stocks and ETFs. This development allows millions of BNB Chain users to trade tokenized equities through the ONDO Global Markets platform.
Over 100 Tokenized Assets Now Live
ONDO introduced more than 100 tokenized U.S. stocks and ETFs to the BNB Chain network. These assets include major stocks like Apple and several exchange-traded funds. Users on BNB Chain can now trade these assets through ONDO, eliminating the need for traditional brokers. The platform offers trading at all hours, removing dependency on market opening times.
BNB Chain currently supports about 3.4 million daily active users. This move gives that user base direct access to blockchain-based versions of U.S. financial products. ONDO structured the service mainly for non-U.S. investors. These users often face restrictions when attempting to trade directly on U.S. exchanges.
Barriers such as regulatory constraints and regional limitations can make access difficult. Through BNB Chain, ONDO bypasses these restrictions by utilizing blockchain infrastructure.
“Trading becomes seamless for global investors,” ONDO stated in a release.
The company highlighted the demand for alternative routes into U.S. equities.
ONDO Competes with Existing BNB Chain Platforms
ONDO now competes directly with other platforms offering similar services on BNB Chain. These include tokenized trading services by Backed and Kraken’s xStocks.
BNB Chain’s large user base across Latin America and Asia plays a key role in ONDO’s strategy. This geographical reach supports ONDO’s expansion and enhances accessibility for underserved markets. BNB Chain’s infrastructure supports fast settlement and low-cost transactions for equity tokens. This aligns with ONDO’s aim to streamline financial market access via blockchain rails.
Data from RWA.xyz indicates that tokenized public securities now have a value of approximately $700 million. This represents rapid growth from previous levels, which have been tracked since August. The increase follows a wave of adoption by digital trading platforms. Many exchanges now offer on-chain access to equities, expanding the market. ONDO has locked $320 million in value since launching in September. This figure makes it one of the largest platforms in the sector currently.
The post ONDO Brings Tokenized U.S. Stocks to BNB Chain’s 3.4M Users appeared first on Blockonomi.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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