BNB Chain expands its capabilities by providing access to tokenized stocks through the Ondo Finance platform, enabling users to leverage the liquidity of traditional financial markets.
Expansion of Access to Tokenized Assets
According to a recent announcement, BNB Chain is adding Ondo's portfolio of tokenized assets, which includes over 100 U.S. stocks, ETFs, and funds on-chain, providing the liquidity of traditional finance.
Tokenization and Growing Demand for Real Assets
As part of this collaboration, BNB Chain has joined Ondo's Global Markets Alliance, aimed at streamlining user access to tokenized real-world assets. With increasing demand for real assets like bonds, funds, and real estate, the market value of tokenized U.S. Treasuries has risen to $7.54 billion.
Stock Market on the Blockchain
As the tokenization of traditional financial instruments gains traction, platforms like Kraken and Backed Finance are also introducing tokenized equities on BNB Chain. This will allow users to trade stocks like Apple and Nvidia 24/7, issuing token equivalents of U.S. stocks and making them available within the BNB Chain ecosystem.
The acquisition of tokenized equities on BNB Chain reflects a growing interest in integrating traditional finance with blockchain, opening new opportunities for users.
