Ondo Global Markets Expands Tokenized Securities to BNB Chain

TLDR

• Ondo offers over 100 tokenized U.S. stocks and ETFs.
• The ecosystem is valued at $1.83 billion with $350 million TVL.
• Partnerships enhance compliance and infrastructure for tokenization.

Ondo Global Markets has announced the expansion of its tokenized securities platform to the BNB Chain. This move allows millions of global users, particularly those outside the United States, to access a wide array of over 100 tokenized U.S. stocks and ETFs. Founded by Nathan Allman, Ondo continues to strengthen its presence within the blockchain sector through this significant integration.

Nathan Allman, the founder and CEO of Ondo Finance, has been at the forefront of efforts to bring tokenized real-world assets to blockchain users. The company has already accumulated over $350 million in total value locked (TVL) and generated a trading volume of $669 million since September. This recent expansion highlights Ondo’s continued commitment to developing regulated infrastructure for asset tokenization.

BNB Chain Welcomes New Financial Products

The Head of Business Development at BNB Chain, Sarah Song, noted the importance of this integration. She stated, “RWAs are one of the fastest-growing segments on BNB Chain. Partnering with Ondo marks a key step in bringing high-quality financial products onchain for millions of users.”Read more about BNB Chain’s introduction of tokenized U.S. stocks and ETFs.

Expanding to BNB Chain is particularly relevant for Ondo as it offers a fast, cost-efficient, and highly interoperable environment for its global user base. Nathan Allman himself highlighted the prominence of BNB Chain’s user engagement within Web3, indicating its potential to reach users across Asia, Latin America, and other regions.

Partnerships and Ecosystem Developments

Ondo has also announced partnerships with World Liberty Financial (WLFI), a Trump-backed entity, to further its tokenization initiatives. Additionally, the recent acquisition of the US-regulated broker Oasis Pro and blockchain developer Strangelove strengthens Ondo’s compliance and infrastructure capabilities. Ondo’s tokenization ecosystem is currently valued at $1.83 billion, with a market cap of $2.3 billion.

U.S. Treasuries account for 80.78% of Ondo’s portfolio, while public equities make up 17.44%, and stablecoins constitute 1.78%. The expansion to BNB Chain has furthered Onto’s presence in the DeFi sector, with the ecosystem’s governance token, ONDO, recently valued at $0.74.

Impact on Tokens and Blockchain Integration

The expansion affects several key tokens and protocols within the ecosystem. This includes ONDO, the governance token, and BNB, the native token of BNB Chain. Asset-backed tokens representing US equities and ETFs are now directly available for trading and staking. The partnership with BNB Chain’s decentralized exchange, PancakeSwap, allows for instantly settled, on-chain trading.

Large platforms such as Ethereum were previously home to Ondo, which led to rapid growth in TVL and trading volume. With the new integration, liquidity and utility benefits are also expected for BNB. This move follows other historical integrations by RWA platforms, resulting in increased TVL and liquidity across various networks. Explore more about Ondo’s expansion to BNB Chain.

Regulatory and Community Response

The expansion underlines Ondo’s focus on compliance and adhering to global regulatory standards. This stance is further solidified with Ondo’s acquisition of a regulated broker and increasing institutional partnerships.

The developer and user communities have shown optimism regarding 24/7 RWA exposure and cross-chain access. However, recorded contributions on platforms like GitHub remain unaffected by the expansion. Ondo’s roadmap indicates plans for further integration with wallets, exchanges, and DeFi protocols on BNB, hinting at deeper ecosystem connectivity in the future. Learn more about Ondo’s financial innovations and ongoing developments.