Ondo Finance has introduced Ondo Global Markets (Ondo GM), a blockchain-powered platform aimed at tokenizing U.S. securities, including stocks, bonds, and ETFs. This initiative seeks to increase accessibility, reduce fees, and enhance transparency, bringing traditional financial assets onto the blockchain.
Key Features of Ondo GM’s Tokenized Securities
- Allows users to tokenize over 1,000 securities, including Apple, Tesla, and other major NYSE & Nasdaq-listed stocks.
- Each tokenized asset will be backed 1:1 by the underlying security, ensuring real-world value.
- Enables global, 24/7 trading, removing traditional market restrictions.
Blockchain Disrupting Traditional Markets
The rise of real-world asset (RWA) tokenization is pushing traditional financial institutions to adapt:
- On Feb. 3, Cboe Global Markets announced it would offer 24-hour weekday trading for U.S. equities to compete with blockchain-based solutions.
- Ondo GM is leveraging blockchain to eliminate inefficiencies, similar to how stablecoins transformed digital dollar accessibility.
Why This Matters
Ondo GM’s launch signifies the increasing competition between traditional exchanges and blockchain-powered financial markets. As more institutions embrace tokenization, we could see a shift toward a fully digital financial ecosystem with borderless trading and decentralized ownership models.
While Ondo GM’s tokenization model is being compared to stablecoins, its bigger impact could be challenging centralized exchanges. By enabling 24/7 trading and decentralized ownership, blockchain-powered platforms could gradually replace legacy brokerage firms, reshaping how securities are bought, sold, and held.