Tokenized securities issuer Ondo Finance announced on Tuesday the launch of its tokenization platform, Ondo Global Markets (Ondo GM), aimed at bringing public securities such as stocks, bonds, and exchange-traded funds (ETFs) to the blockchain.
Ondo stated that Ondo GM is expected to address current issues in the securities investment environment, such as high fees, limited accessibility, transfer friction, and lack of interoperability.
According to the announcement, this newly launched tokenization platform will provide investment opportunities in securities listed on the New York Stock Exchange and Nasdaq, including fixed-income ETFs and individual stocks like Apple and Tesla. Ondo stated:
In addition, Ondo GM reportedly allows issuers to integrate permission mechanisms within the distribution layer, thereby returning decision-making power to stakeholders.
Following the announcement, Ondo Finance’s governance token, ONDO, experienced a brief 5% increase in price before returning to its original level. As of the time of writing, ONDO’s trading price is approximately $1.43. Source:
