Real-world asset (RWA) specialist Ondo Finance (Ondo) has expanded its tokenized securities platform to the BNB Chain BNB$1,116.05bringing over a hundred US stocks and ETFs to one of the most active blockchain networks.
The move opens access for BNB Chain’s 3.4 million daily users to buy and sell tokenized shares of companies like Apple or Tesla, as well as popular ETFs, 24 hours a day through Ondo Global Markets.
These assets are primarily aimed at non-US investors who want exposure to US markets but may be blocked by geographic or regulatory barriers.
Tokenized stocks took off earlier this year when digital brokers and crypto exchanges including Robinhood, Kraken, Bybit and Gemini began offering onchain stocks.
Ondo’s expansion into BNB Chain puts it in closer competition with projects like Backed and Kraken’s xStocks, which also offer tokenized financial assets on BNB. This move in BNB Chain deepens the reach of the tokenized stock market in Asia and Latin America, where BNB has a strong user base.
The broader tokenized stock market has more than doubled since August to nearly $700 million currently, according to data from RWA.xyz. Since its launch in September, Ondo Global Markets has become one of the largest players in this space, with a total value of approximately $320 million per RWA.xyz.
Read more: ‘Tokenization is going to eat the entire financial system,’ says Robinhood CEO