Ondo Finance Brings Tokenized Stocks, ETFs To BNB Chain With New Expansion

DeFi platform Ondo Finance has unveiled its integration with the BNB Chain to bring more than 100 tokenized stocks and exchange-traded funds (ETFs) to the network’s millions of daily active users.

Ondo Finance Expands To BNB Chain

On Wednesday, Ondo Finance announced the expansion of its tokenized securities platform, Ondo Global Markets, to the BNB Chain, aiming to bring tokenized stocks and exchange-traded funds to the blockchain at scale.

Since its launch in September, Ondo Global Markets has offered a selection of more than 100 tokenized US stocks and ETFs, surpassing $350 million in total value locked (TVL). Additionally, it has driven over $669 million in total on-chain volume.

According to the statement, the integration aims to enable access to the tokenized securities platform’s over 100 tokenized US stocks and ETFs on-chain for BNB Chain’s 3.4 million daily active users and DeFi ecosystem, supported by leading ecosystem projects like PancakeSwap.

“By joining BNB Chain’s extensive ecosystem of wallets, exchanges, and DeFi protocols, Ondo tokenized stocks will integrate with key infrastructure partners to expand global access and liquidity for tokenized securities,” the announcement explained.

Sarah Song, Head of Business Development at BNB Chain, noted that Real-World Assets (RWAs) are “one of the fastest-growing segments on BNB Chain,” adding that having the tokenized securities platform join the BNB ecosystem “is another strong validation of that momentum.”

As reported by Bitcoinist, the BNB Chain, which had a remarkable ecosystem performance over the past few months, recently expanded its RWA ecosystem with a partnership with CMB International Asset Management Limited. Additionally, the BNB Chain joined the Ondo Global Market Alliance in July.

“We’re excited to see Ondo Finance utilising BNB Chain to expand access to high-quality financial assets and driving the next wave of adoption that connects traditional markets with blockchain technology,” Song added.

Tokenized RWAs Momentum Grows

Nathan Allman, Founder and CEO of Ondo Finance, stated that the integration marks a “major step toward making U.S. markets globally accessible through blockchain technology,” as it builds on Ondo’s cross-chain strategy, which already has support live on Ethereum.

Notably, Ethereum had an 83.69% share of the total Real-World Asset market cap by chain in August, highlighting the network’s position in RWAs, one of the fastest-growing sectors in the industry.

Allman noted that the BNB Chain is “home to one of the largest and most engaged global user bases in Web3,” which will give access to millions of users worldwide to a fast, cost-efficient, and “highly interoperable” environment.

Per the statement, Ondo Finance has additional deployments planned to advance its mission to “democratize” access to high-quality US financial assets and ensure tokenized assets move seamlessly across major blockchains.

The DeFi platform has solidified its position as a key leader in the real-world asset sector with strategic partnerships and the launch of its own Layer-1 blockchain, which aims to bridge the gap between traditional finance and decentralized finance.

It’s worth noting that a White House report from earlier this year recognized the sector as foundational to the future of the global financial system and named the DeFi platform among the key players.