Ondo Finance Unveils New RWA Tokenization Platform to Deliver Shares, Bonds and ETFs Onchain

Ondo Finance, a number one tokenized real-world asset (RWA) issuer, has unveiled a brand new providing to speed up the onboarding of conventional belongings to blockchain expertise.

Ondo on Tuesday launched Ondo World Markets (Ondo GM), a platform devoted to offering onchain entry to shares, bonds, and exchange-traded funds (ETFs).

The particular particulars concerning which shares, bonds, and ETFs shall be accessible will not be identified but. Ondo, with a market cap of over $600 million, is already the world’s third-largest tokenized Treasury issuer, in line with knowledge supply rwa.xyz.

The brand new providing will assist bypass what Ondo calls a damaged funding ecosystem characterised by excessive charges, restricted entry, platform fragmentation that locks thousands and thousands out of capital markets and stifles innovation.

“By leveraging blockchain expertise, we are able to carry institutional-grade monetary markets onchain, making them extra accessible, clear and environment friendly,” Ondo mentioned on X.

Drawing inspiration from stablecoin liquidity, Ondo GM will enable the creation of freely transferable tokens linked to shares, bonds and ETFs with controls in controls in place that decide who can entry, purchase, or promote the tokens.

Ondo’s inaugural summit shall be held in New York on Feb. 6. The platform has promised main bulletins every day main as much as the occasion.