The portfolios have been rolling out throughout chains. The Solana launch extends a product line beforehand launched on Ethereum and $BNB Chain. Ondo already has greater than $500 million in whole worth locked throughout tokenized belongings on Solana, in line with its launch. That determine covers Ondo’s broader tokenized asset presence, not the brand new portfolio lineup alone.
Ondo’s Tokenized Stocks Enterprise
The underlying belongings come from Ondo’s tokenized equities platform. Ondo Stocks, previously Ondo International Markets, tokenizes US shares, ETFs and different belongings, issued on blockchain networks and backed 1:1 by the underlying asset. The tokens give holders financial publicity to the underlying asset’s worth fairly than authorized possession. Ondo mentioned in Could that the platform had handed $1 billion in whole worth locked, a primary for a tokenized shares platform.
Entry is restricted in some markets. Ondo’s platform is geared toward eligible non-US buyers, and US individuals are restricted by securities guidelines. Buyers ought to test eligibility of their jurisdiction earlier than shopping for.
The launch displays a wider push to package deal conventional and crypto belongings in a single tradable token. Coinbase has additionally moved on this path:
it introduced futures buying and selling on a Mag7 plus crypto fairness index that blends high tech shares with BlackRock’s Bitcoin and Ethereum ETFs.
Sources
Coinspress: Ondo Expands Tokenized Portfolios With AI and Magnificent 7 Bets
PR Newswire: Ondo International Markets Surpasses $1 Billion in Complete Worth Locked
MetaMask: What’s Ondo Stocks?
