DeFi platform Ondo Finance has unveiled its integration with BNB Chain to offer over 100 tokenized stocks and exchange-traded funds (ETFs) to the network’s millions of daily active users.
Ondo Finance expands to BNB chain
On Wednesday, Ondo Finance announced the expansion of its tokenized securities platform, Ondo Global Markets, to the BNB chain, with the aim of introducing tokenized stocks and exchange-traded funds to the blockchain on a large scale.
Since its launch in September, Ondo Global Markets has offered a selection of over 100 tokenized US stocks and ETFs, exceeding $350 million in total value locked (TVL). Additionally, it generated over $669 million in total on-chain volume.
According to the release, the integration aims to enable access to over 100 tokenized US stocks and ETFs on-chain for BNB Chain’s 3.4 million daily active users and the DeFi ecosystem, supported by leading ecosystem projects like PancakeSwap.
“By joining BNB Chain’s broad ecosystem of wallets, exchanges, and DeFi protocols, Ondo’s tokenized stocks will integrate with key infrastructure partners to expand global access and liquidity of tokenized securities,” the announcement explains.
Sarah Song, head of business development at BNB Chain, noted that real-world assets (RWA) are “one of the fastest-growing segments on BNB Chain,” adding that the tokenized securities platform joining the BNB ecosystem “is another strong validation of this momentum.”
As reported by Bitcoinist, the BNB chain, which has seen remarkable ecosystem performance over the past few months, recently expanded its RWA ecosystem with a partnership with CMB International Asset Management Limited. Additionally, the BNB channel joined the Ondo Global Market Alliance in July.
“We are excited to see Ondo Finance using BNB Chain to expand access to high-quality financial assets and drive the next wave of adoption that connects traditional markets to blockchain technology,” added Song.
The momentum of tokenized RWAs is growing
Nathan Allman, founder and CEO of Ondo Finance, said the integration marks a “major step toward making US markets globally accessible through blockchain technology” as it builds on Ondo’s cross-chain strategy, which already has live support on Ethereum.
Notably, Ethereum held an 83.69% share of the total real-world asset market cap by chain in August, highlighting the network’s position in RWAs, one of the fastest growing sectors in the industry.
Allman noted that the BNB chain “hosts one of the largest and most engaged global user bases in Web3,” which will provide access to millions of users worldwide to a fast, cost-effective and “highly interoperable” environment.
According to the release, Ondo Finance plans additional deployments to advance its mission of “democratizing” access to high-quality U.S. financial assets and ensuring that tokenized assets move seamlessly between major blockchains.
The DeFi platform has consolidated its position as a key leader in the real-world assets sector through strategic partnerships and the launch of its own layer 1 blockchain, which aims to bridge the gap between traditional finance and decentralized finance.
Ondo Global Markets continues to lead the tokenized securities category in terms of scale and accessibility. The platform’s momentum reflects the growing global appetite for financial exposure to the United States, as investors seek reliable, compliant and efficient on-chain alternatives to traditional intermediaries.
It is worth noting that a White House report released earlier this year recognized the sector as fundamental to the future of the global financial system and named the DeFi platform among the leading players.
ONDO trades at $0.73 in the one-week chart. Source: ONDOUSDT on TradingView
Featured image from Unsplash.com, chart from TradingView.com
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