Ondo Finance Announces Global Expansion
Ondo Finance announced a big new growth. Ondo Global Markets is a new platform. It will have more than 100 tokenized assets. These are popular ETFs and stocks in the US.
The Ethereum blockchain is what the platform is built on. It is meant to be used by people all over the world. The company is making a big change. It greatly increases what they have to offer.
The ONDO Token Price Jumps Up
The news made ONDO go up a lot. The price of the token went up by more than 6%. It is now close to $1. At the start of the week, the price was $0.86.
This change in price is very important. It happened when the market was correcting itself. Other digital currencies were going down. The token has been very strong.
Expanding Access for Non-US Investors
The new platform is aimed at a certain group of people. It helps investors who live outside the US. This includes parts of Africa and Asia. It also includes all of Latin America.
It can be used by both retail and institutional investors. They can make new tokens and cash them in. You can trade at any time of day or night. It runs five days a week to make things easier.
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The Technology That Makes Tokenized Assets Work
All of the tokenized assets are fully backed. They are supported by real securities. These are kept by registered US broker-dealers. Each token is a copy of the asset it is based on.
This means that all investors get the same returns. They get dividends like they own the stock. This makes me feel very safe. It makes them trust the platform.
Bringing Blockchain to the World of Money
The founder said this was a big step forward. He said it makes it easier to get money. Investors have more options with the new platform. It gives them more access to markets.
He said it was like stablecoins. Stablecoins put the US dollar on the blockchain. Tokenized stocks are doing the same thing for stocks. This is a new development that will change everything.
Similarities Between Stablecoins and Growth
A representative for Ondo also spoke. They said that tokenized stocks are like stablecoins. It does a very similar job. It fills a real need in the market for investors.
There has been a lot of growth in tokenized treasuries. Since 2023, they have grown by more than 7,000%. This growth is in line with what the market needs. It shows that people want these assets.
Ondo’s Strong Support a Boost for Investor Confidence
Ondo has gotten a lot of help. Many providers support it. These include big exchanges and wallets. They are backing the new platform.
Investors find this network easier to use. It is easier to get to and take care of assets. They can use the assets in other apps that are on the blockchain. This wide range of support is very important.
