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HomeCryptocurrencyBNB Chain Customers Achieve Entry to Tokenized US Shares

BNB Chain Customers Achieve Entry to Tokenized US Shares



Actual-world asset tokenization platform Ondo World Markets has expanded its tokenized product choices to BNB Chain, enabling entry to greater than 100 Wall Road shares and exchange-traded funds to BNB Chain’s person base.

“The combination gives BNB Chain — with its 3.4 million each day lively customers and expansive DeFi ecosystem — entry to over 100 tokenized US shares and ETFs, supported by main ecosystem initiatives akin to PancakeSwap,” Ondo mentioned in a press release on Wednesday.

PancakeSwap is BNB Chain’s largest decentralized trade and would be the major platform for buying and selling tokenized variations of US shares and ETFs.

A part of Ondo’s mission is to democratize entry to US shares and ETFs to non-US buyers utilizing blockchain tech, notably those that lack entry to Wall Road by way of brokerage accounts of their international locations throughout Asia and Latin America.

“[Tokenized stocks] flip real-world monetary merchandise into blockchain-based belongings—making them accessible 24/7, clear, and environment friendly,” the staff behind BNB Chain mentioned.

Ondo’s resolution launched on Ethereum two months in the past

Virtually two months in the past, Ondo World Markets tokenized US shares and ETFs on Ethereum, securing over $350 million in whole worth locked and fueling almost $670 million in onchain quantity.