Ondo Finance, under the leadership of Nathan Lallman, has officially launched Ondo Global Markets, a revolutionary platform designed to bring all publicly traded securities, including high-liquidity assets like TSLA, onto the blockchain. This platform aims to solve the real-world asset (RWA) liquidity problem by providing native access to traditional securities exchange liquidity, such as Nasdaq, NYSE, and LSE. Unlike previous tokenization efforts, Ondo Global Markets employs a unique legal framework and introduces 'directive tokens' to facilitate communication between smart contracts and broker-dealers. This innovation allows for the tokenization of securities while maintaining off-chain liquidity. The launch, supported by PanteraCapital, has garnered attention from various corners of the finance and cryptocurrency communities, highlighting its potential to bridge the gap between traditional financial markets and blockchain technology. Ondo Finance's initiative has also led to the listing of its native token, $ONDO, on the WOO X spot market, signaling strong market interest in this new venture.
$ONDO (@OndoFinance) will be trading on the WOO X spot market today at 8:00 UTC. β Deposits for $ONDO are now open on WOO X. https://t.co/ehH8LTZSc3
Now this is BIG for RWAs Love the concept of 'directive tokens' as a form of messaging between smart contracts and broker-dealers who interact in the real world based off what tokens and contract on-chain say they should do Feels like a breakthrough I am long $ONDO https://t.co/MwnIxJ6ghq
1/ Congrats to @OndoFinance for launching Ondo Global Markets today to solve the RWA liquidity problem! πΉ @PanteraCapital https://t.co/FrhB57MXZO
Ready to buy $TSLA with your stablecoins? Enter Ondo Finance. Ondo's new Global Markets platform aims to "bring all publicly traded securities onchain." https://t.co/3SkcXUR2vz
π· @OndoFinance introduces Ondo Global Markets, a platform that tokenizes securities while maintaining liquidity off-chain. "We're very focused on enabling these public securities to be used in on-chain financial systems," said @nathanlallman https://t.co/5wDTl8Oh0Z https://t.co/YWduXKFkh4
I'm incredibly excited to unveil Ondo Global Markets, a platform bringing existing securities with deep liquidity like public equities and fixed income onchain. Ondo Global Markets also uses a very different legal framework for tokenization than we have used with OUSG/USDY. Read⦠https://t.co/GMpsmUq6dW
1/ π¨ @OndoFinance is solving the RWA liquidity problem π¨ Introducing Ondo Global Markets, a platform to bring all publicly traded securities onchain with native access to traditional securities exchange liquidity (e.g. Nasdaq/NYSE/LSE). https://t.co/5NGN64cYPA