Ondo Finance Expands Tokenized Securities with Over 60 New Listings
- Ondo Finance now lists over 250 tokenized assets across Ethereum, BNB Chain, and Solana networks.
- The total value of real-world assets (RWA) on the platform is nearly $2.6 billion, primarily consisting of tokenized US Treasuries, stocks, and commodities.
- Demand for tokenized RWAs is increasing among institutional investors following the SEC’s approval of Nasdaq’s proposal for tokenized securities trading.
- Tokenization offers benefits such as near-instant settlement, easier fractional share trading, and potential future extended trading hours.
- The native token ONDO has decreased by over 1% today and more than 3% in the past week, with an intraday trading range between $0.2531 and $0.2632.
The expansion of Ondo Finance’s tokenized securities comes amid a growing trend in RWA adoption, particularly as regulatory frameworks are established for these financial instruments. This shift allows traditional assets to be traded on-chain more efficiently.
With a total RWA value nearing $2.6 billion, Ondo Finance’s new offerings reflect significant growth in the demand for tokenization despite a recent decline in its native token ONDO.(Source)
