BNB Chain Users Gain Access to Tokenized US Stocks

491
SHARES
1.4k
VIEWS



Actual-world asset tokenization platform Ondo International Markets has expanded its tokenized product choices to BNB Chain, enabling entry to greater than 100 Wall Avenue shares and exchange-traded funds to BNB Chain’s person base.

“The combination gives BNB Chain — with its 3.4 million day by day lively customers and expansive DeFi ecosystem — entry to over 100 tokenized US shares and ETFs, supported by main ecosystem initiatives comparable to PancakeSwap,” Ondo said in a press release on Wednesday.

PancakeSwap is BNB Chain’s largest decentralized trade and would be the main platform for buying and selling tokenized variations of US shares and ETFs.

A part of Ondo’s mission is to democratize entry to US shares and ETFs to non-US buyers utilizing blockchain tech, significantly those that lack entry to Wall Street by way of brokerage accounts of their international locations throughout Asia and Latin America.

“[Tokenized stocks] flip real-world monetary merchandise into blockchain-based belongings—making them accessible 24/7, clear, and environment friendly,” the workforce behind BNB Chain said.

Ondo’s answer launched on Ethereum two months in the past

Nearly two months in the past, Ondo International Markets tokenized US shares and ETFs on Ethereum, securing over $350 million in complete worth locked and fueling almost $670 million in onchain quantity.