- BNB Chain integrates over 100 U.S. stocks, ETFs, and funds into its ecosystem, offering access to tokenized equities on-chain.
- The partnership with Ondo Finance expands opportunities for 24/7 trading of tokenized versions of major U.S. equities.
- BNB Chain strengthens its position in DeFi through participation in the Global Markets Alliance and xStocks Alliance.
BNB Chain has announced its collaboration with Ondo Finance to bring tokenized equities to its blockchain, offering users unprecedented access to Wall Street liquidity. This partnership, which integrates over 100 U.S. stocks, ETFs, and funds into the BNB Chain ecosystem, highlights the growing trend of tokenizing traditional financial instruments. It also marks a significant step forward in bridging the gap between decentralized finance (DeFi) and traditional markets.
With the new integration, the users will be able to trade tokenized versions of leading U.S. equities and exchange-traded funds (ETFs) on the BNB Chain. These are stocks of such famous companies as Apple and Tesla and such popular funds as the S&P 500 ETF. The assets will be made available in the form of tokenized BEP-20 assets accessible to all people in the BNB Chain ecosystem. This partnership will enable crypto users to trade traditional assets 24 hours a day, and they will not be constrained by traditional stock market times.
Building Momentum for Real-World Asset Tokenization
This team-up is opportune as more people seek to deploy real-world assets (RWAs) on blockchain platforms. The tokenized U.S. Treasuries market, to use another example, skyrocketed lately to stand at $7.54 billion. Such a heightened interest in tokenization can be identified with larger movements in the world of finance, where more financiers are interested in tapping into traditional assets using blockchain platforms that offer greater flexibility and visibility.
The involvement in the Ondo Finance Global Markets Alliance is one of the elements of the broader strategy of implementing new industry standards in relation to tokenized assets of the BNB Chain. The partnership is expected to establish an effective structure of tokenization of different RWAs, making it easy to access the investors. The fact that BNB Chain is part of the xStocks Alliance, a decentralized network of exchanges and protocols, only ameliorates the fact that it functions as a leader in the tokenized finance domain.
In addition to the first collaboration with Ondo Finance, BNB Chain also teamed up with Kraken and Backed Finance to launch tokenized equities on the network. Such a long-term cooperation will provide users with the possibility to trade a relatively large spectrum of equity and ETF tokens. The ability to transfer these tokens across various exchanges in the BNB ecosystem is also expected to begin soon, with future improvements in deposit and withdrawal options.
