Ondo Global Markets — is a project from the Ondo ecosystem that brings public securities onto the blockchain, giving investors outside the US access to stocks and ETFs with regulatory assurance and transparent on-chain accounting. Launched in 2025, the platform offers more than a hundred assets, operates on Ethereum, and integrates with the traditional broker infrastructure. In this way, Ondo combines the liquidity of the US stock market with the possibilities of DeFi, making tokenized securities a tool for 24/7 trading and collateralization. This solution is seen as one of the steps toward the future of global finance, where traditional markets and blockchain will exist in a unified digital space.
- Context and Project Goals
- Architecture and Structure of Ondo Global Markets
- Asset Range and Investor Opportunities
- Compliance, Restrictions, and Regulation
- Partnerships, Ondo Ecosystem, and Risks
Context and Project Goals
The tokenization of real-world assets has become a key trend in the crypto market in 2024–2025. Bonds, money market funds, and government securities are increasingly being moved onto the blockchain. Ondo Finance, already known for products like USDY and OUSG, expanded its capabilities with the launch of Ondo Global Markets. The main goal of the project — to give international users access to US stocks and ETFs in an on-chain format.
This initiative reflects the trend toward merging traditional and decentralized financial systems. Previously, such solutions were available on a limited scale, but Ondo is making them more widespread and user-friendly. The company aims to create infrastructure where digital assets have the same reliability as their traditional counterparts. In the long term, this could become the foundation for integrating the US stock market into the global crypto economy.
Architecture and Structure of Ondo Global Markets
The platform is built on Ethereum and combines off-chain and on-chain levels. Underlying assets are held by licensed US custodians, while users interact with their tokenized equivalents. The system accounts for corporate actions (dividends, splits), and transfers are possible only between verified users. This approach reduces risks and makes the process transparent.
| Component | Function |
|---|---|
| Asset Custody | Real securities are held by regulated US brokers and custodians |
| Tokenization | Issuance of digital tokens on Ethereum tied to underlying securities |
| Transfers | Possible only between KYC-verified users |
| Corporate Actions | Automated accounting of dividends, splits, and delistings |
| Security | Smart contract audits and reporting to market standards |
In addition, Ondo has implemented safeguards against technical failures and a system of regular smart contract audits. This builds trust among both institutional and retail investors. Another important feature is flexible integration with DeFi protocols, making tokenized stocks suitable for wider use. Thus, the project’s architecture is focused not only on security but also on scalability.
Asset Range and Investor Opportunities
Ondo Global Markets launched with more than 100 instruments, including shares of leading companies, indices, and bond ETFs. Investors gained access to 24/7 trading and the ability to integrate these securities into DeFi protocols.
Main benefits for participants:
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Access to US stocks and ETFs for investors outside the country;
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Ability to trade tokens 24/7, even when traditional exchanges are closed;
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Use of tokenized securities as collateral in DeFi;
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Tight spreads due to subscription and redemption mechanism;
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Integration with existing Ondo products (USDY, OUSG).
Thus, the platform becomes a bridge between traditional investments and decentralized finance. The wide asset selection allows users to build diversified portfolios. Ondo also emphasizes convenience: transactions are processed through an intuitive interface, and trading is available at any time. All this increases the project’s appeal to a global audience.
Compliance, Restrictions, and Regulation
Ondo emphasizes the importance of regulatory compliance. The platform is aimed at investors outside the US, and identity verification is required to start working. This ensures compliance with AML/KYC requirements and prevents the platform from being used for illegal activities. The documentation also details fees, tax aspects, and corporate action processing rules.
Compliance is a key trust factor for institutional investors, who often approach blockchain solutions with caution. The restriction for US citizens is explained by strict regulation of the domestic market. At the same time, Ondo seeks to expand in other jurisdictions, building a network of international users. This is a strategic move to secure its position in the asset tokenization niche and establish a reputation as a reliable player.
Partnerships, Ondo Ecosystem, and Risks
The key launch partner was Alpaca — a brokerage infrastructure that provides connectivity to the US market. Ondo Global Markets complements the existing product line — USDY, OUSG, and the DeFi service Flux. Together they form an ecosystem that combines yield-bearing “dollars,” treasury bonds, and tokenized stocks.
However, investors should consider risks: dependence on custodians and brokers, limited liquidity under stress conditions, and potential spread widening. In addition, the tokens provide economic exposure but not direct ownership of the securities. These factors make it essential to carefully study the legal documentation before starting. Nevertheless, Ondo aims to build long-term relationships with investors by offering reliability, scalability, and integration with other products.
