In brief
- Ondo Finance launched tokenized versions of 100+ U.S. stocks and ETFs on Ethereum, backed by real assets held at registered U.S. broker-dealers.
- The tokenized stocks are only available to non-U.S. investors due to regulatory restrictions.
- The tokenized assets enable 24/7 trading and fractional ownership, allowing global investors to trade U.S. securities outside normal market hours.
Ondo Finance, a decentralized finance-focused asset manager and tech firm, has rolled out tokenized versions of more than 100 U.S.-listed stocks, ETFs, and other equities on Ethereum.
But the offering, called Ondo Global Finance, is only available for non-U.S. investors, according to an announcement from the company.
“Ondo tokenized stocks are fully backed and secured by U.S. stocks and ETFs held at one or more U.S.-registered broker-dealers and cash in transit,” the company said in its announcement. The blog post itself isn’t accessible to users in the U.S. without a VPN to bypass geofencing.
Go to Source to See Full Article
Author: Stacy Elliott
