1inch and Ondo Finance have announced a joint project aimed at providing access to tokenized stocks and ETFs using Ethereum. This move targets global markets, excluding the U.S. and U.K.
Collaboration of 1inch and Ondo Finance
1inch has integrated Ondo Finance to provide access to tokenized real-world assets like U.S. stocks and ETFs via its Swap API. Users from specific regions will be able to access these securities, excluding residents of the U.S. and U.K. due to regulatory constraints.
Technical Features of Tokenized Assets
The integration is primarily built on the Ethereum blockchain and is supported by infrastructure partners such as Trust Wallet and BitGo. This enhances accessibility and liquidity for global investors through the incorporation of blockchain technology into stock trading.
Market Prospects and Impact
This move could encourage further integration of traditional assets with blockchain, increasing global financial inclusivity. Nathan Allman, Founder and CEO of Ondo Finance, stated: 'Ondo Global Markets is a breakthrough in financial access. Global investors can now access the largest selection of tokenized U.S. stocks and ETFs onchain...'. This suggests a transformation in trading accessibility.
The partnership between 1inch and Ondo Finance may change the market for tokenized assets, opening new opportunities for investors across regions despite the existing regulatory barriers.
