Ondo Finance launches over 100 tokenized stocks and ETFs on Ethereum

ChainCatcher news, according to Decrypt, decentralized finance (DeFi) asset management company Ondo Finance has launched tokenized versions of over 100 U.S. listed stocks and ETFs on Ethereum, which are available only to non-U.S. investors. The company previously obtained a broker and transfer agent license from U.S. regulators through the acquisition of Oasis Pro.

It is reported that this initiative has the support of several major crypto wallets, including Trust Wallet, OKX Wallet, MEXC, Morpho, Ledger, and Bitget Wallet. Bitget's Chief Marketing Officer Jamie Elkaleh stated that Ondo's global market launch is significant as it achieves tokenization and around-the-clock trading that many early attempts failed to realize, providing the broadest range of assets held by U.S. registered brokers.