Ondo Finance has announced the launch of a new blockchain platform that offers tokenized stocks and ETFs available for trading on Ethereum.
Launch of Ondo Global Markets
Ondo Finance has officially launched Ondo Global Markets, a new platform offering over 100 tokenized U.S. stocks and ETFs on Ethereum. These assets are now available for trading, with upcoming support for BNB Chain and Solana.
Regulatory Restrictions in the U.S. and U.K.
Despite its groundbreaking tech, Ondo Global Markets is not available to retail or institutional investors based in the United States and the United Kingdom. This exclusion is likely due to complex securities regulations in both regions.
Integration with Block Street for Advanced Trading
To enhance its offerings, Ondo Global Markets will integrate with Block Street, a decentralized finance platform specializing in on-chain trading services. This partnership will support features like lending, shorting, and hedging, making it easier for crypto-native users to engage in sophisticated financial strategies.
The launch of Ondo Global Markets marks a significant step towards merging traditional finance with decentralized finance, although existing regulatory constraints in the U.S. and U.K. continue to present major barriers for users in these countries.
