blockworks.co
Ondo Finance has launched a new platform offering tokenized versions of US stocks and ETFs on Ethereum.
The initiative, called Ondo Global Markets, went live today with over 100 equities and funds available to qualified investors outside the United States, according to announcements from the firm. The company plans to expand the selection to more than 1,000 assets by the end of the year.
The platform allows investors in Asia-Pacific, Europe, Africa and Latin America to gain exposure to major companies like Apple and Tesla, along with popular ETFs from Fidelity and BlackRock.
Trust Wallet, which serves over 200 million users worldwide, has integrated Ondo’s tokenized assets, enabling retail access to equities without the need for brokerage accounts. Users can hold and swap tokenized stocks directly in their wallets, with liquidity supported through the 1inch Swap API.
Trading is initially limited to US market hours, though peer-to-peer transfers are available onchain at any time. US, UK, and EEA residents remain excluded from the offering. Tokens do not provide ownership of underlying assets.
Ondo Global Markets also integrates a range of infrastructure to expand liquidity and interoperability. Pricing data is delivered through Chainlink oracles, while LayerZero enables cross-chain transfers, with future support planned for BNB Chain and Solana.
“It is obvious to anyone paying attention that everything — every single financial asset — is going to be tokenized,” said Bryan Pellegrino, CEO of LayerZero. “Ondo has taken the first steps here with an incredibly compelling offering and real pipeline of every major publicly listed equity.”
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