Solana users gain access to over 200 tokenized U.S. stocks through Ondo

Ondo Global Markets has present expanded to the Solana (SOL) blockchain network, Ondo Finance announced connected Jan. 21.

Solana is simply a high-performance blockchain web that powers net superior markets, payments, and crypto applications.

Launched by Ondo Finance and the Ondo Foundation, Ondo Global Markets is simply a tokenization level built to supply on-chain vulnerability to publically traded securities.

Related: What is tokenization? Explained

Tokenization is the process of representing the ownership of real-world assets (RWAs) similar stocks, funds, existent estate, etc., arsenic integer tokens connected a blockchain.

Besides digitizing the accepted concern market, tokenization enables 24/7 on-chain trading and makes assets much affordable with fractional offerings.

With the latest launch, implicit 200 U.S. stocks and exchange-traded funds (ETFs) tokenized by Ondo volition spell unrecorded connected Solana for the archetypal time.

Ondo Global Markets is present "the largest, broadest, and astir liquid catalog" of tokenized equities connected Solana, the connection read.

Thanks to the expansion, traders connected the Solana ecosystem tin pat a wide scope of tokenized assets, specified as:

• Growth stocks

• Blue-chip equities

• Gold, silver, and different commodity-linked ETFs

• Broad-market and assemblage ETFs

• Leveraged agelong and abbreviated ETFs

• AI and EV offerings

• Ondo brings 100+ tokenized U.S. stocks and ETFs to BNB Chain’s 3.4M regular progressive users

• Ondo brings implicit 100 tokenized U.S. stocks and ETFs on-chain

• Ondo Finance acquires Oasis Pro to grow tokenized securities level successful U.S.

Now, much than 3.2 cardinal regular progressive users wrong the Solana ecosystem tin commercialized stocks and ETFs tokenized by Ondo.

Instead of relying connected on-chain liquidity pools, Ondo taps into the liquidity of the world’s largest exchanges, specified arsenic NASDAQ and the New York Stock Exchange (NYSE), to unlock million-dollar commercialized sizes with near-zero slippage.

Leading ecosystem infrastructure, specified as Jupiter, volition seamlessly observe and execute these trades, the connection read.

Ondo Finance president Ian De Bode said, “We’re excited to bring hundreds of on-chain equities with Wall Street liquidity to Solana’s thriving ecosystem."

He added, "For the archetypal time, Solana users tin remainder assured that they tin bargain tokenized stocks successful size astatine brokerage prices, giving them bid of caput erstwhile trading onchain.”

Solana Foundation's caput of organization growth, Nick Ducoff, said, “As Solana powers net superior markets, real-world assets are an important portion of that future."