Ondo Finance Launches Global Markets Alliance for Tokenized Securities

Ondo Finance has recently announced the formation of the Global Markets Alliance, a coalition aimed at establishing a unified framework for tokenized securities. This initiative brings together key players in the crypto industry, including the Solana Foundation, Fireblocks, BitGo, Trust Wallet, Bitget Wallet, Jupiter, and others. The alliance is focused on developing technical and compliance standards for tokenized public securities such as stocks and exchange-traded funds, with an emphasis on global accessibility, liquidity, and investor protections.

The formation of the Global Markets Alliance is timed with the upcoming launch of Ondo Global Markets, a platform designed to provide direct access to U.S. securities for users outside the U.S. This move is seen as a significant step towards addressing long-standing inefficiencies in global capital markets and promoting broader financial inclusion. Nathan Allman, CEO of Ondo Finance, highlighted the importance of standardization in unlocking the full potential of tokenized securities, stating that access to U.S. capital markets has historically been gated and inefficient.

Each member of the alliance contributes unique capabilities to the initiative. Fireblocks and BitGo are providing secure, institutional-grade custody and settlement infrastructure, while wallets like Trust Wallet and Bitget Wallet will integrate tokenized asset standards to enable on-chain access and self-custody for retail users. Alpaca offers brokerage infrastructure specifically designed for tokenized products, and aggregators like Jupiter and 1inch will focus on providing access to deep liquidity. This collaborative effort follows a series of recent milestones for Ondo, including the launch of tokenized U.S. Treasuries on the XRP Ledger, a cross-chain settlement using JPMorgan’s Kinexys and Chainlink, and instant conversions between its OUSG fund and PayPal’s PYUSD stablecoin.

The Global Markets Alliance aims to transform tokenized securities from isolated experiments into an integrated part of global financial infrastructure. By establishing shared standards and best practices, the alliance seeks to streamline user access to tokenized real-world assets and revolutionize global finance. The initiative is backed by the belief that tokenized securities serve as a bridge between current crypto users and a future where anyone with a smartphone can access real-world opportunities. Eowyn Chen, CEO of Trust Wallet, emphasized this vision, stating that tokenized securities are foundational for the next era of global finance.

The alliance's goals revolve around interoperability, achieved through shared technical and compliance standards among protocols, interoperability of blockchain-based tools, and improved accessibility and liquidity for investors. The entities involved are optimistic about the long-term potential of tokenization and believe that the alliance will play a major role in enabling broader access to on-chain financial markets. Kash Dhanda, COO of Jupiter, expressed enthusiasm about the alliance, stating that it marks the start of the tokenization renaissance and is committed to pushing finance forward. Michael Shaulov, CEO of Fireblocks, highlighted the importance of secure and interoperable infrastructure for the global adoption of tokenized securities, noting that Fireblocks intends to play a crucial part in this endeavor.