Real-world assets (RWA) specialist Ondo Finance (Ondo) has expanded its tokenized securities platform to the BNB chain adding over a hundred US stocks and ETFs to one of the most active blockchain networks.
The move opens access for BNB Chain’s 3.4 million daily users to buy and sell tokenized shares of companies like Apple or Tesla, as well as popular ETFs, 24 hours a day through Ondo Global Markets.
These assets are primarily aimed at non-U.S. investors who want exposure to U.S. markets but may be blocked by geographic or regulatory barriers.
Tokenized stocks took off earlier this year when digital brokerages and cryptocurrency exchanges, including Robinhood, Kraken, Bybit and Gemini, began offering listed shares on-chain.
Ondo’s expansion into BNB Chain brings it into closer competition with projects like Backed and Kraken’s xStocks, which also offer financial assets tokenized in BNB. This move towards BNB Chain deepens the reach of the tokenized securities market in Asia and Latin America, where BNB has a strong user base.
The overall tokenized stock market has more than doubled since August to nearly $700 million currently, according to data from RWA.xyz. Since launching in September, Ondo Global Markets has become one of the largest players in the space, with around $320 million in total value locked, according to RWA.xyz.
Read more: ‘Tokenization is going to eat up the entire financial system,’ says Robinhood CEO
