Ondo Finance Unveils ‘Ondo GM’ Tokenization Platform
Ondo Finance is making waves with a serious replace to its real-world asset (RWA) tokenization platform, Ondo World Markets (Ondo GM), which goals to vary the best way shares, bonds, and ETFs are purchased and bought. The purpose is to carry the identical liquidity and easy accessibility that stablecoins have delivered to fiat currencies to conventional monetary belongings.
Right now, Ondo Finance introduced its imaginative and prescient for Ondo GM, a platform that’s going to tokenize any publicly traded securities. The agency in contrast Ondo GM’s potential affect to that of stablecoins on the monetary system, claiming, that Ondo GM has the potential to do for securities what stablecoins did for cash.
With blockchain on the core, the purpose is to handle long-standing points within the funding world, corresponding to excessive charges, restricted entry, switch obstacles, and hidden dangers, issues which have stored many individuals out of the marketplace for far too lengthy.
A significant a part of Ondo GM’s imaginative and prescient is to create tokens which have the identical liquidity because the belongings they characterize, making investments extra accessible, clear, and environment friendly. Initially, the corporate thought of a mannequin the place tokens would characterize shopper directions with conventional brokers in a permissioned system.
However after talking with stakeholders, together with builders, conventional finance (TradFi) companions, and authorities officers, Ondo realized that the market was prepared for a extra open, blockchain-powered strategy.
The brand new tokenization mannequin will permit issuers to create tokens that may be transferred simply, very similar to stablecoins, whereas nonetheless protecting compliance and safety measures in place.
Ondo Finance’s new technique positions it as a frontrunner within the rising RWA tokenization area. With over $637 million in belongings beneath administration, Ondo is now the fourth-largest protocol within the sector, which has topped $17 billion in whole worth.
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