TLDR
- Ondo Finance has launched tokenized U.S. stocks and ETFs on the Solana blockchain, providing new trading opportunities for Solana users.
- The platform offers over 200 tokenized equities, including growth stocks, blue-chip companies, and commodity-linked ETFs.
- Ondo Finance utilizes liquidity from major exchanges like NASDAQ and NYSE, ensuring large trades with minimal price slippage.
- With the expansion, more than 3.2 million daily active users on Solana can now trade tokenized U.S. equities.
- Ondo Finance has surpassed $450 million in total value locked and processed over $5.1 billion in cumulative trading volume.
Ondo Finance has expanded its platform to the Solana blockchain, enabling the tokenization of U.S. stocks and exchange-traded funds (ETFs). This move allows traders in the Solana ecosystem to access a wide array of tokenized equities. With more than 3.2 million daily active users in Solana, the launch provides exposure to over 200 U.S. stocks and ETFs.
Ondo Finance Brings On-Chain Exposure to U.S. Stocks
Ondo Finance, in collaboration with the Ondo Foundation, has introduced tokenized U.S. stocks and ETFs on the Solana blockchain. The platform aims to digitize real-world assets, making them tradable 24/7. By using blockchain technology, Ondo Finance offers fractional ownership, making assets more affordable to a broader audience.
Tokenization allows traders to access equities in smaller portions, enhancing liquidity. Ondo’s offering on Solana includes growth stocks, blue-chip equities, and ETFs linked to commodities like gold and silver. Leveraged long and short ETFs are also available, expanding the range of investment opportunities for users.
The Role of Liquidity and Solana’s Ecosystem
Ondo Finance utilizes the liquidity of major exchanges like NASDAQ and NYSE, offering large trade sizes with minimal slippage. This approach contrasts with typical on-chain liquidity pools, enabling efficient trading with near-zero price fluctuations. Solana’s infrastructure, including platforms like Jupiter, ensures seamless trade execution across the ecosystem.
Solana’s rapid transaction speeds and low costs are crucial factors that enable the efficient execution of these trades. The integration of tokenized assets with Solana’s ecosystem brings the benefits of traditional finance into the digital world. Ondo Finance has made U.S. equities accessible through a platform trusted by millions of users within the Solana network.
Ondo Finance has surpassed $450 million in total value locked and processed over $5.1 billion in cumulative trading volume. With the expansion to Solana, it now offers the largest and most liquid catalog of tokenized U.S. stocks and ETFs on the network.
This move strengthens its position as a leading platform for tokenized securities and makes U.S. stock investments more accessible to a global audience. The new tokenization platform on Solana also opens up new possibilities for non-U.S. investors seeking exposure to U.S. stocks.
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