Market News

US Investors Flock to Ondo's Tokenized Assets on Solana

Ondo Finance has announced a significant expansion, launching over 200 tokenized U.S. stocks and ETFs on the Solana blockchain.

This move makes Ondo Global Markets the largest issuer of real-world assets by count on Solana, enabling seamless trading backed by NASDAQ and NYSE liquidity.

With over 3.2 million daily active users on Solana, the platform is positioned to tap into a rapidly growing market for digital asset trading.

The addition of major stocks like Nvidia, Amazon, Meta, and Walmart signifies a notable shift, as Solana's digitized assets have surged by more than 400% since this launch.

Tokenization connects traditional finance with blockchain technology, allowing investors to trade and manage stocks on decentralized networks.

Additionally, the plans by the New York Stock Exchange to support 24/7 trading on-chain enhance liquidity and reduce trading slippage.

As the demand for real-world assets on Solana grows, the network now oversees a market exceeding $1 billion, excluding stablecoins, underscoring its potential.

The rise in holders of RWA tokens further emphasizes the appeal of low fees and instant settlements in the tokenized market landscape.

While regulatory uncertainties persist, the momentum for institutional investment looks promising as infrastructure improves.

Overall, Ondo Finance's expansion into Solana underscores a pivotal moment in the convergence of traditional finance and blockchain assets.