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Transforming Financial Markets Through Blockchain
Ondo Finance has launched a new initiative aimed at bringing U.S. securities—including stocks, bonds, and ETFs—onchain. The tokenization platform, Ondo Global Markets (Ondo GM), seeks to do for securities what stablecoins did for the U.S. dollar, introducing greater accessibility, transparency, and efficiency to financial markets.
The firm described the traditional investing experience as flawed, citing high fees, restricted access, transfer frictions, fragmented platforms, and hidden risks as key barriers for both investors and financial institutions. By leveraging blockchain technology, Ondo GM intends to offer an alternative that reduces these inefficiencies while expanding market participation.
The company emphasized that the current regulatory and institutional landscape is primed for blockchain adoption in securities trading. After discussions with developers, traditional finance partners, and government officials, Ondo concluded that financial markets are ready to integrate blockchain-based solutions.
The platform will facilitate the creation of transferable tokens linked to a broad range of assets, mirroring stablecoins' role in digitizing fiat currency. Ondo GM’s offering includes exposure to over 1,000 securities from the NYSE and Nasdaq, covering equity, fixed-income ETFs, and individual stocks of major corporations such as Apple, Tesla, and Uber. Each token will maintain a 1:1 backing with its underlying security, ensuring direct and verifiable asset correlation.
As blockchain-powered financial instruments gain traction, traditional exchanges are also adapting to the shift toward round-the-clock trading. Cboe Global Markets, one of the largest securities exchanges, recently announced plans to introduce 24-hour weekday trading starting Feb. 3.
The move reflects increasing global demand for extended access to U.S. equities and aligns with the competitive pressure created by tokenized real-world assets. With blockchain-based platforms like Ondo GM enabling continuous trading, the financial industry is moving toward a more accessible and borderless market structure.
This article has been refined and enhanced by ChatGPT.
