Ondo Finance Launches Tokenized US Stock Platform for Global Investors

Ondo Finance and the Ondo Foundation launched Ondo Global Markets on September 3, 2024, a platform enabling non-US investors to access more than 100 tokenized US stocks and exchange-traded funds on Ethereum . The New York-based real-world asset tokenization firm said it plans to expand the offering to hundreds or thousands of assets within the year .

The platform went live on Ethereum mainnet with expansion planned to BNB Chain, Solana, and Ondo Chain . Global retail and institutional users outside the US can mint and redeem tokenized US stocks and ETFs instantly during five trading days per week, 24 hours daily, subject to jurisdictional restrictions .

At launch, the platform focuses on liquid stocks including Apple and Tesla, along with popular ETFs from Fidelity and BlackRock . The tokenized assets provide full economic exposure to underlying US stocks and ETFs, including dividend rights, and are backed 1:1 by real stocks and ETFs held at US-registered broker-dealers plus cash in transit .

Ondo Finance partnered with Alpaca Securities to power the platform through Alpaca's Broker API . The collaboration enables peer-to-peer transferability of tokenized assets available around the clock where permitted .

The launch represents a significant expansion for Ondo Finance, which has established itself as a leader in real-world asset tokenization since early 2024 . The firm has previously focused on tokenizing traditional financial instruments like Treasury bills and corporate bonds.

Bitget announced plans to integrate Ondo's tokenized assets through a new partnership, further expanding distribution channels for the platform . No prominent public comments from traditional finance executives or regulators were available at press time regarding the launch.

The move comes as equity tokenization gains momentum in the crypto sector, with several firms exploring ways to bring traditional securities onto blockchain networks for global accessibility.