Defi protocol ondo Finance places 100 tokenized shares in Ethereum

Ondo Finance, an asset manager and technology firm centered on decentralized finances, has implemented tokenized versions of more than 100 actions, ETF and other actions of the United States in Ethereum.

But the offer, called Ondo Global Finance, is only available for non -American investors, according to an advertisement of the company.

“Ondo tokenized shares are totally backed and secured by shares and ETF of the USA. The publication of the blog itself is not accessible to users in the USA without a VPN to avoid geofencing.

Ondo Finance is an Etheruem Defi project that focuses on the tokenization space. Earlier this year, the team acquired Oasis Pro, which already has licenses from stock corridor agents and transfer of US regulators. These licenses do not mean that Ondo Global will be available for American merchants, but optimize the process that Sondo undergoes assets to subsequent tokens.

Offering tokenized actions has become a focus point for many cryptographic companies based in the United States. Crypto Exchange Coinbase has said that he wants to tokenize the actions since before his opi and recently renewed the impulse. The Robinhouse negotiation platform made waves at the beginning of July when its offers of tokenized shares included private companies, namely OpenAi and Spacex.

A tokenized asset, such as an action, a bonus or even a property, can be retained and negotiated in a block chain. It can also be fractional, which means that someone could have a small splinter of an asset that otherwise could not pay.

Ondo said that all the offices offered will be backed by real assets.

The team promised that Ondo will do what Stablecoins has done for dollars, making tokenized assets negotiable outside the typical market hours and are available worldwide.

Ondo plans to expand beyond Ethereum and carry tokenized assets to the BNB, Solana and Ondo Chain chain. The company said the initiative is backed by many of the largest cryptographic wallets, including the trusted wallet, the OKX, Mexc, Morpho, Ledger and Bitget Wallet wallet.

“The Ondo launch of the global markets is shocking because it offers tokenization where many previous efforts fell short,” said Jamie Elkaleh, Marketing director of Bitget, said Decipher. “The platform brings more than 100 US shares and Etfs Ochain, the widest asset rank with much maintenance by the corridors registered in the United States, and allows 24/7 trade.” This combination of regulated backup and access to Blockchain without seam addresses the regulatory, liquidity and interoperability obstacles that are limited to the previously limited attempts in the tidy values. “