BNB Chain Partners Ondo Finance to Tokenize 100 U.S. Stocks

BNB Chain, a decentralized blockchain ecosystem developed by the crypto exchange Binance, has announced a strategic partnership with Ondo Finance, a decentralized finance (DeFi) platform focused on real-world assets (RWAs). This collaboration aims to integrate tokenized real-world assets into the BNB Chain ecosystem, providing users with access to over 100 U.S. stocks, exchange-traded funds (ETFs), and funds onchain with the liquidity of traditional finance (TradFi).

According to the announcement, this integration will enable users to gain simpler access to U.S. equities without leaving the BNB Chain. The tokens represent onchain representations of U.S. stocks, ETFs, and funds, issued by third parties. This move underscores the growing momentum behind the tokenization of traditional assets and the industry’s commitment to building a more inclusive and efficient financial ecosystem.

BNB Chain has also joined Ondo’s Global Markets Alliance, a collaborative initiative between wallets, exchanges, and custodians aimed at forming industry standards and promoting interoperability for tokenized securities. Other members of the alliance include the Solana Foundation, Bitget Wallet, Jupiter, Trust Wallet, Rainbow Wallet, BitGo, Fireblocks, 1inch, and Alpaca. Bitget, a prominent exchange, has also announced its participation in the alliance, planning to list over 100 tokenized U.S. equities, ETFs, and money market funds for global retail and institutional users later this summer.

Bitget CEO Gracy Chen highlighted the significance of tokenization, stating that it will be a major driver of the next phase of digital asset adoption. The alliance aims to streamline user access to RWAs and set the highest standards for the industry by focusing on interoperability, investor protections, and liquidity. This partnership marks a significant step towards integrating traditional financial markets with the blockchain ecosystem, offering users new opportunities and enhancing the overall financial landscape.