Ondo Global Markets has now expanded to the Solana (SOL) blockchain community, Ondo Finance introduced on Jan. 21.
Solana is a high-performance blockchain community that powers web capital markets, funds, and crypto purposes.
Launched by Ondo Finance and the Ondo Basis, Ondo International Markets is a tokenization platform constructed to present on-chain publicity to publicly traded securities.
Related: What is tokenization? Explained
Tokenization is the method of representing the possession of real-world belongings (RWAs) like stocks, funds, actual property, and so on., as digital tokens on a blockchain.
Apart from digitizing the normal finance market, tokenization allows 24/7 on-chain buying and selling and makes belongings extra reasonably priced with fractional choices.
With the most recent launch, over 200 U.S. stocks and exchange-traded funds (ETFs) tokenized by Ondo will go reside on Solana for the primary time.
Ondo International Markets is now “the biggest, broadest, and most liquid catalog” of tokenized equities on Solana, the assertion learn.
Thanks to the growth, merchants on the Solana ecosystem can faucet a broad vary of tokenized assets, similar to:
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Progress stocks
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Blue-chip equities
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Gold, silver, and different commodity-linked ETFs
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Broad-market and sector ETFs
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Leveraged lengthy and brief ETFs
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AI and EV choices
Now, greater than 3.2 million day by day energetic users inside the Solana ecosystem can commerce stocks and ETFs tokenized by Ondo.
As a substitute of counting on on-chain liquidity swimming pools, Ondo faucets into the liquidity of the world’s largest exchanges, similar to NASDAQ and the New York Inventory Change (NYSE), to unlock million-dollar commerce sizes with near-zero slippage.
Main ecosystem infrastructure, similar to Jupiter, will seamlessly uncover and execute these trades, the assertion learn.
Ondo Finance president Ian De Bode stated, “We’re excited to carry tons of of on-chain equities with Wall Road liquidity to Solana’s thriving ecosystem.”
He added, “For the primary time, Solana users can relaxation assured that they will purchase tokenized stocks in measurement at brokerage costs, giving them peace of thoughts when buying and selling onchain.”
Solana Basis’s head of institutional development, Nick Ducoff, stated, “As Solana powers web capital markets, real-world belongings are an vital a part of that future.”












