Ondo Finance has launched a new platform that tokenizes over 100 U.S.-listed stocks and exchange-traded funds (ETFs), marking a significant step forward in the tokenization of traditional securities. The initiative, known as Ondo Global Markets, is currently available only to non-U.S. investors and is built on Ethereum. The company has emphasized that all tokenized assets are fully backed by actual U.S. stocks and ETFs held at U.S.-registered broker-dealers and cash in transit [2].

One of the key features of the Ondo tokenized stock offering is the ability to trade and redeem these assets 24 hours a day, five days a week, which goes beyond the typical trading hours of traditional stock markets. This flexibility is intended to bridge the gap between traditional finance and decentralized finance (DeFi), offering instant access to global liquidity. Non-U.S. retail and institutional investors can now mint or redeem tokenized versions of major equities such as Amazon, Apple, and Microsoft with ease [1].

Ondo Finance has also highlighted its regulatory compliance and infrastructure, which includes the acquisition of Oasis Pro, a firm with existing broker-dealer and transfer agent licenses from U.S. authorities. While the licenses do not currently extend the service to U.S. investors, they provide the legal and operational framework to acquire and manage the underlying assets backing the tokens. The firm has ambitions to expand its tokenized asset offerings beyond Ethereum, with plans to include BNB Chain, Solana, and its own blockchain, Ondo Chain [2].

The launch has attracted attention from major crypto wallet providers, including Trust Wallet, OKX Wallet, MEXC, Morpho, Ledger, and Bitget Wallet. Jamie Elkaleh, Chief Marketing Officer at Bitget, noted that Ondo’s platform addresses key challenges in tokenized securities, such as regulatory compliance, liquidity, and interoperability. By bringing 24/7 trading and a broad range of U.S. assets onchain, Ondo is positioning itself as a major player in the evolving crypto and traditional finance convergence [2].

The Ondo tokenized stock for Amazon (AMZNON) is already available for trading and has drawn interest from investors looking to gain exposure to traditional equities through blockchain. Tokenholders of AMZNON receive economic exposure similar to holding Amazon shares directly, including the ability to reinvest dividends. The token is listed on the Ondo platform and can be accessed via Ethereum block explorers [1].

Ondo Finance’s latest development reflects a growing trend among crypto platforms to tokenize traditional assets, with competitors like Coinbase and Robinhood also exploring similar offerings. The firm’s ability to scale its platform while maintaining regulatory safeguards could influence the future landscape of digital asset markets. As more investors seek hybrid investment options, platforms like Ondo may play a critical role in bridging the gap between traditional and decentralized finance.

Source: [1] Amazon (Ondo Tokenized Stock) (AMZNON) (https://www.forbes.com/digital-assets/assets/amazon-ondo-tokenized-stock-amznon-2/)

[2] DeFi Protocol Ondo Finance Puts 100 Tokenized Stocks on (https://finance.yahoo.com/news/defi-protocol-ondo-finance-puts-191807701.html)