Wall Street makes a quiet movement to BNB chain: new era

In an important milestone, tokenized shares will arrive at the BNB chain via ONDO Finance, giving users access to the liquidity of Wall Street.

According to a recent announcement, BNB Chain will expand access to ONDO’s portfolio of Tokenized Activa, which includes more than 100 US shares, ETFs and funds on the chain with the liquidity of traditional finances.

As part of this collaboration, BNB Chain has joined the Global Markets Alliance of ONGO, who aims to streamline the user access to Tokenized Real-World assets (RWAS) and at the same time set the industrial standards.

The expansion comes as the demand for Real-World assets such as bonds, funds and real estate on blockchain rails is growing, with the market value of Tokenized American treasuries that rise to $ 7.54 billion. The participation of BNB Chain shows the growing momentum behind the tokenization of traditional assets.

Wall Street is coming quietly

As a tokenization of traditional financial instruments, also known as Real-World assets (RWA), traction, trading platforms hurry to bring Wall Street to blockchain.

In a similar step, Kraken and backed finance tokenized shares introduce to the BNB chain, which means 24/7 trade of shares such as Apple and Nvidia is possible.

As a result, token equivalents of US shares such as Apple, Tesla and the S&P 500 ETF can be spent as BEP-20 tokens and made available to users in the BNB chain ecosystem. BNB Chain has also become a member of the Xstocks Alliance, a network of exchanges and decentralized financial (Defi) protocols with which users can trade 60 equity and ETF tokens on crypto rails.

Users can deposit and record the Xstocks tokens on BNB chain in the coming weeks.