Ondo Finance has announced the launch of the Global Market Alliance (GMA), aimed at establishing standards for tokenized securities and accelerating the adoption of tokenized capital markets.
Goals of the Global Market Alliance
The Global Market Alliance (GMA) sets three core goals regarding interoperability, including 'shared technical and compliance standards' among protocols and improving accessibility and liquidity for investors.
Alliance Partners and Their Roles
Seven founding members of the alliance, including Solana Foundation and BitGet Wallet, bring their unique advantages to the coalition, such as user wallet interfaces and integration with DeFi protocols for access to tokenized assets.
Growth of the Tokenization Market and Perspectives
The tokenization market has seen over 250% growth this year, now valued at $23 billion. Clearer regulations are expected to attract more investors and opportunities for tokenized assets.
The launch of the Global Market Alliance by Ondo Finance emphasizes the importance of establishing standards in the growing tokenization market, which could significantly enhance investor access to new financial instruments.
