Ondo Finance has launched a new platform, Ondo Global Markets, providing foreign investors with access to tokenized stocks.
Launch of Ondo Global Markets
Ondo Finance announced the launch of Ondo Global Markets, offering users access to over 100 U.S. equities and ETFs via blockchain. By the end of the year, the company aims to expand the number of available securities to 1,000 and extend the program to other networks such as Solana and BNB Chain.
Comparison with Solana and Trading Volumes
Currently, Ethereum will serve as the initial platform for the implementation of tokenized stocks, although Solana leads in trading volume this week, processing around $24 million compared to $5.7 million on Ethereum. However, Ethereum maintains deep liquidity networks and an active developer community.
Current Status of ONDO Token and Predictions
The ONDO token is currently trading at $0.9188, down 5.9% in the last 24 hours. The total market capitalization stands at approximately $2.89 billion. In light of the recent news around tokenizing partnerships, analysts project the token could reach the price level of $5,500 by September. Current trading activity remains steady at $169 million.
Ondo Finance is actively developing the tokenized stocks sector, which may further impact the market and increase interest in tokens on Ethereum.
