Yesterday, Ondo Global Markets went live. Seeing that KYC in China has been banned, I was actually quite disappointed. After all, the core user market is directly blocked at the door. Later, I found that aggregators and wallets connected through the API can actually buy directly, and I instantly felt the team was very capable. As for Ondo's stock tokenization plan, it's better described as "stock buying" rather than "tokenization": 1⃣ The product experience is no different from Swap, with no order book. 2⃣ Liquidity mirrors Nasdaq, with quotes coming from market makers. 3⃣ Buy = mint, sell = redeem, with no involvement in the delivery of the underlying stock. From this perspective, Ondo is essentially distributing stocks to on-chain users (mainly non-U.S., especially clients in East Asia), allowing users to gain exposure to U.S. stocks without needing to withdraw funds. A pioneer of a similar model is Robinhood, but it currently only allows U.S. users, and the main demand from...
Billions globally were excluded from the world's largest capital markets.
Ondo Global Markets is changing that.
Explore the new website:
8.17K
20
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.