Ondo Finance, a development company in the decentralized finance (DeFi) space specializing in tokenized financial assets (RWA), revealed its plans to launch American stocks and exchange-traded funds (ETFs) tokenized on the Solana network by the year 2026.
This announcement came during the "Solana Breakpoint" conference in Singapore, where Ondo highlighted its strategy for expanding the range of tokenized traditional assets available on the blockchain.
Focus on liquidity and global availability:
The plan aims to enable investors to access the largest financial markets in the world, such as U.S. company stocks and ETFs, directly and through decentralized trading platforms on Solana. This aims to provide 24/7 liquidity and global accessibility for these assets.
Building on current success:
This ambitious step is based on the success that Ondo has already achieved in the tokenized asset space. It previously launched products such as Ondo Dollar (USDY), a tokenized bond backed by U.S. Treasury bills, and tokenized funds for Treasury bonds in partnership with BlackRock on the Ethereum network.
Details and timeline:
· Goal: Launch tokenized U.S. equities and ETFs.
· Target blockchain: Solana network.
· Timing: By 2026.
· Partners: Not all details have been disclosed, but the company is working to establish partnerships with traditional financial institutions and tokenized asset service providers (such as Mapleblock) to ensure regulatory compliance and technical support.
· Model: Ondo is expected to rely on the feeder funds model currently used by its partners, which gathers funds from global investors and invests them in underlying assets through appropriate legal structures.
Broader strategic direction:
This step represents part of a broader direction for Ondo to become a comprehensive platform for traditional tokenized financial assets on blockchains, ranging from Treasury bonds and money markets to equities and real estate. This announcement reflects the company's growing confidence in the Solana network as a key hub for developing decentralized finance applications and tokenized assets, due to its high speed and low transaction costs.
The tokenized financial asset market is experiencing rapid growth, as institutions seek ways to bring traditional liquidity into the blockchain world, while individual investors are looking for new and innovative investment opportunities.
