Ondo Finance launches a "Global Listing" service that allows IPO shares to be tokenized on the first day of trading.

PANews reported on February 3 that Ondo Finance, a platform for tokenized real-world assets, announced the launch of its "Ondo Global Listing" service. This service enables the near-real-time onboarding of US stock IPOs and allows trading on major blockchains through the Ondo Global Markets platform from the first day of listing.

Ondo states that historically, millions of investors worldwide have been restricted from participating in US IPOs. This new service will enable wallets, exchanges, and blockchains to offer on-chain IPO exposure on the first day of trading to their millions of users globally. These tokenized shares are permissionless, transferable, and designed to achieve stablecoin-like composability across the most widely used blockchain ecosystems.