BNB Chain to Host Ondo Finance’s Tokenized US Stocks Suite

Blockchain platform Ondo Finance said its full suite of more than 100 tokenized U.S. equities, exchange-traded funds and other funds will soon be available on BNB Chain

Blockchain platform Ondo Finance said its full suite of more than 100 tokenized U.S. equities, exchange-traded funds and other funds will soon be available on BNB Chain, the largest smart-contract network by daily active users after Ethereum. The move gives BNB Chain’s global user base round-the-clock, on-chain access to fractional shares of U.S. securities, expanding Ondo’s reach beyond its current deployments on Ethereum and other chains.

As part of the arrangement, BNB Chain is joining Ondo’s Global Markets Alliance, an industry group of wallets, exchanges and custodians working on shared standards for real-world-asset tokenization. The partnership aims to improve interoperability and investor protection while boosting liquidity for on-chain capital markets.

Ondo founder and Chief Executive Officer Nathan Allman said the integration marks “a major milestone” in the company’s effort to bring traditional financial markets on-chain, adding that the tokenized asset market could surpass $100 billion next year. BNB Chain’s head of business development, Sarah S., called the deal an important step in broadening real-world-asset access for the network’s community.

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Source: https://thedefiant.io/news/blockchains/bnb-chain-to-host-ondo-finances-tokenized-u-s-stocks-suite-f06b1dd0