Ondo Finance Launches First Tokenized Stock in the United States

The tokenized stock market enters a new chapter after Ondo Finance officially introduces Ondo Stocks, a platform that brings US stocks and exchange-traded funds (ETFs) to the blockchain. 

This move expands Ondo's focus from US government bond tokenization to blockchain-based securities that can be accessed more flexibly by users and decentralized finance (DeFi) application developers.

Key Takeaways

• Ondo Finance launches Ondo Stocks, an evolution of Ondo Global Markets focused on US tokenized stocks.
• The platform introduces 24/7 minting and redemption features.
• Tokenized stocks are designed for use in the DeFi ecosystem, including as transferable assets and integration into various blockchain applications.

Ondo Stocks Arrives as an Evolution of Ondo Global Markets

Ondo Finance announced the rebranding of Ondo Global Markets to Ondo Stocks as part of its strategy to clarify the product's identity. 

According to the company, the new name better reflects the platform's main focus: bringing US stocks and ETFs into digital asset form on the blockchain.

In its official announcement, Ondo also introduced the launch of tokenized securities in the United States. The platform enables various traditional capital market assets to be issued as tokens representing ownership of the underlying assets through prepared legal structures.

Join now on Bittime with a fast, secure, and easy process so you can invest in tokenized stocks!

Unlike synthetic assets or contracts for difference (CFDs), Ondo emphasizes that its issued products are backed by ownership of the underlying assets through compliant legal mechanisms. 

This approach is expected to increase institutional and investor confidence in the tokenized real-world assets (RWA) market. 

Read Also: Can Tokenized Stocks Get Dividends? Here's How It Works

Source: X/@OndoFinance

Introducing 24/7 Stock Minting and Redemption

One of the main innovations introduced by Ondo Stocks is the true 24/7 minting and redemption feature. 

According to a TheStreet report, this mechanism allows the issuance (minting) and redemption of stock tokens to be carried out anytime without waiting for US stock market operating hours.

This capability is one of the advantages of blockchain compared to conventional capital market systems that have limited trading hours.

In addition, tokenized stocks can be transferred directly between wallets (peer-to-peer) without relying on traditional broker infrastructure. This concept opens opportunities for investors to self-custody assets through digital wallets, while leveraging blockchain interoperability.

Ondo states that these tokenized assets are designed for use in various DeFi applications, such as lending protocols, decentralized exchanges (DEXs), and as collateral in various digital financial services.

Read Also: US Stock Tokenization: Hold Your Favorite US Stocks, Get 7% Rewards Every Day

BlackRock ETF to Micron Stock Included in Tokenization List

In the initial phase, Ondo Finance presents several popular stocks and ETFs as assets to be tokenized. According to the company's official announcement, some of them include:

• BlackRock's iShares Core S&P 500 ETF (IVV).
•  Micron Technology (MU) stock.
• Various other US stocks traded on the US capital market.

With this approach, Ondo aims to deliver a more flexible investment experience without changing the characteristics of the underlying assets.

In addition to retail investors, the platform is also targeted at application developers, fintech companies, crypto wallets, digital asset exchanges, and financial institutions that want to integrate tokenized stocks into their services.

The launch of Ondo Stocks also strengthens Ondo Finance's position as one of the leading players in the real-world asset (RWA) tokenization sector. 

Previously, the company was known for products such as USDY and OUSG, which offer exposure to US government bonds in blockchain token form.

Expansion into stock tokenization shows that Ondo wants to expand the RWA ecosystem from fixed-income instruments to the equity market, which has a much larger value.

Keep tracking other stock tokens such as AMZON, AMDON, and NFLXON as well as MSFTON, then you can start trading on the trusted exchange, only on Bittime.

Conclusion

The launch of Ondo Stocks is an important step in the development of real-world asset tokenization. By bringing US stocks and ETFs into blockchain token form, Ondo Finance aims to bridge traditional capital markets with the digital asset ecosystem.

The 24/7 minting and redemption feature, self-custody capability, and interoperability with DeFi applications are added values that distinguish this platform from conventional stock trading systems. 

If adoption continues to grow, stock tokenization has the potential to become one of the most important segments in the transformation of the blockchain-based financial industry.

Monitor US stock tokens from Ondo Finance like AMZON, AMDON, TSLAX, NFLXON MSFTON and many more. You can start trading on Bittime.

Bittime is a licensed and supervised Digital Financial Asset Trader (PAKD) platform by the Financial Services Authority — the place where you can buy Bitcoin in Indonesia and hundreds of other crypto assets starting from Rp10,000. The registration process is fast, secure, and can be started today.

Monitor the conversion USDT to IDR and the price movements of your favorite crypto assets in real-time. All available in one crypto investment app that can be downloaded for free on the Play Store.

Ready to start? Register now on Bittime and execute your investment strategy with a platform trusted by millions of users in Indonesia.

FAQ

What is Ondo Stocks?

Ondo Stocks is Ondo Finance's platform that brings US stocks and ETFs into blockchain token form.

What is tokenized stock?

Tokenized stock is a digital representation of a stock or security issued on the blockchain with support from the underlying asset through a specific legal structure.

What are the advantages of Ondo Stocks?

The platform offers 24/7 minting and redemption, self-custody, inter-wallet transfers, and integration with various DeFi applications.

Does Ondo Stocks only provide stocks?

No. In addition to stocks, Ondo Stocks also features US ETFs, including BlackRock's iShares Core S&P 500 ETF (IVV).

Why is the launch of Ondo Stocks important?

This product expands the use of blockchain technology into traditional stock markets and is part of the growing trend of real-world asset tokenization.