Ondo Finance has a total value locked of nearly $1.8 billion, according to DefiLlama data.
DeFi platform and tokenized real-world asset issuer Ondo Finance will expand its tokenized securities platform to BNB Chain. The platform allows non-U.S. investors to get exposure to U.S. equities around the clock with blockchain-based settlement and custody.
Launched in September on Ethereum, Ondo Global Markets offers more than 100 tokenized U.S. stocks and ETFs onchain. The platform surpassed $350 million in total value locked (TVL) within weeks, according to a press release, driving over $669 million in total onchain volume.
“BNB Chain is home to one of the largest and most engaged global user bases in Web3,” Ondo Finance CEO Nathan Allman said in the release. “Expanding Ondo Global Markets to BNB Chain allows us to bring tokenized U.S. stocks and ETFs to millions of users across Asia, Latin America, and other geographies, in an environment that is fast, cost-efficient, and highly interoperable. This is a major step toward making U.S. markets globally accessible through blockchain technology.”
Peter Thiel’s Founders Fund co-led a $20 million Series A for Ondo Finance back in 2022. Later that summer, Ondo Finance raised $10 million in a public token sale.
Earlier this year, Ondo Finance and the Trump-backed World Liberty Financial collaborated to advance the adoption of tokenized RWAs, and the latter said it would explore the integration of Ondo’s tokenized assets into the WLFI network as treasury reserve assets. The company recently acquired U.S.-regulated broker Oasis Pro and blockchain developer Strangelove.
“Real-world assets are one of the fastest-growing segments on BNB Chain, and having Ondo Finance join our ecosystem is another strong validation of that momentum,” said Sarah Song, head of business development at BNB Chain.
Earlier this month, Ondo Finance pushed back against the Nasdaq’s proposal to support tokenized equities, saying more information is needed on how settlement would work. Nasdaq filed a rule change in September with the SEC for tokenized versions of stocks and argued that markets can adopt tokenization without waiving core investor protections.
Ondo Finance currently has a total value locked of nearly $1.8 billion, according to data from DefiLlama.
