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Ondo Finance, a leading issuer of tokenized real assets (RWAs), has unveiled a new offering to accelerate the adoption of traditional assets on blockchain technology. On Tuesday, Ondo unveiled Ondo Global Markets (Ondo GM), a platform designed to provide access to stocks, bonds, and exchange-traded funds (ETFs) via blockchain. The specific details regarding which stocks, bonds, and ETFs will be available is not known yet.
Ondo, which has a market cap of over $600 million, is already the third-largest issuer of tokenized Treasuries in the world, according to data source rwa.xyz. The new offering will help circumvent what Ondo calls a broken investment ecosystem characterized by high fees, restricted access, platform fragmentation that locks millions out of capital markets and stifles innovation.
Taking inspiration from the liquidity of stablecoins, Ondo GM will allow the creation of freely transferable tokens linked to stocks, bonds and ETFs with controls in place that determine who can access, buy, or sell the tokens.
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