Cryptocurrency exchange Bitget, and a separate crypto wallet service, Bitget Wallet, have integrated with Ondo Finance. This integration allows users to trade tokenized real-world assets.
The move provides access to tokenized stocks and ETFs for users outside the United States. The companies are among the first to offer this service to a non-U.S. user base.
Ondo Assets Expand to Bitget Platforms
“With Bitget's exchange platform and the self-custodial wallet enabling Ondo's tokenized assets, we're bringing high-potential global investments to the crypto market without having to go through the hassle that was previously faced with accessing these instruments,” said Gracy Chen, CEO at Bitget.
Through the new feature, users can browse and trade over 100 tokenized stocks and ETFs. Each token is tied to a real-world security. The tokens track the price of the underlying asset and its dividends. The tokens are backed by assets held with regulated custodians.
Tokenized Stocks Accessible from One Dollar
The minimum investment for these tokens is one dollar. The tokens use the liquidity of traditional equity markets, not onchain pools. This is done through Ondo's Global Markets infrastructure.
You may find it interesting at FinanceMagnates.com: WFE Flags Market Integrity Threat from Tokenised Equities Amid Coinbase, Robinhood Plans.
The service is available to eligible users. It is not available in some markets, including for some users in the United States. The tokens are currently on the Ethereum blockchain. They will later be available on Solana and BNB Chain.
“Global investors can now access the largest selection of tokenized U.S. stocks and ETFs onchain. We saw stablecoins export the U.S. dollar by bringing it onchain. Now, Ondo Global Markets is doing the same thing for U.S. securities,” commented Nathan Allman, Founder and CEO of Ondo Finance.
This article was written by Tareq Sikder at www.financemagnates.com.
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments