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Tokenized US Stocks Now Live on Binance Wallet
27 Nov
Summary
- Over 100 tokenized US stocks and ETFs are now accessible.
- Binance Wallet users can trade on-chain with fees as low as 0%.
- Ondo Finance aims to challenge traditional brokerages globally.
Ondo Global Markets, a platform by Ondo Finance, has now integrated with Binance Wallet. This expansion allows over 280 million Binance Wallet users on BNB Chain to access more than 100 tokenized U.S. stocks and exchange-traded funds (ETFs). The service enables on-chain stock trading with fees starting at a low 0%.
Tokenization, the process of representing real-world assets like stocks as digital tokens on the blockchain, offers significant advantages. These include fractional ownership and the ability to trade assets 24/7, breaking away from the limitations of traditional market hours. Ondo Finance aims to provide global access to U.S. markets, which have historically been less accessible to international traders.
This move by Ondo Finance signifies a growing global demand for U.S. market accessibility. The company's strategy, leveraging its scale and global reach, is poised to challenge established traditional brokerage firms. The continuous expansion of Ondo Global Markets highlights the increasing trend of bringing traditional finance onto the blockchain.
