Ondo launched its new Global Markets today, offering tokenized versions of 100+ US-based stocks and ETFs. The firm’s ONDO token saw modest increases in price and a 33% spike in volume at launch.
Some of these RWAs have been very successful, generating upwards of $70 million in trade volume this morning alone. Still, Ondo remains inaccessible in the United States, potentially limiting its ability to move TradFi markets.
Ondo Global Markets
As part of its diversified business strategy, Ondo announced that it would offer 100+ tokenized stocks earlier this week. The RWA firm claimed that Ondo Global Markets would bring a huge array of US stocks onto the blockchain, and this development is now live:
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Ondo Global Markets has an immense level of support from the crypto industry, with over 27 major exchanges, wallets, data platforms, and more facilitating the launch. The firm is trading these RWAs on Ethereum’s blockchain, and ONDO reacted well to the launch according to several metrics, including spot pri
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Author: Landon Manning
