Ondo Global Markets crosses $240M TVL, leads tokenized stocks and ETFs on-chain

Core Insights - Ondo Global Markets, a tokenized stock and ETF platform by Ondo Finance, achieved a total value locked (TVL) of over $240 million within 15 days of its launch on September 3, 2023 [1][8] - The platform became the largest tokenized stock and ETF platform globally by TVL within 48 hours of its launch, surpassing all competitors [1][8] - Ondo Global Markets offers access to over 100 tokenized U.S. stocks and ETFs for investors outside the U.S., addressing previous access limitations [2][6] Tokenization and Market Access - Tokenization involves using blockchain technology to convert traditional assets like stocks and funds into digital tokens, enabling 24/7 trading and fractional ownership [3] - The platform allows investors in Asia-Pacific, Europe, and Latin America to trade tokenized U.S. stocks and ETFs directly, with each token fully backed by the underlying security [4][6] - Ondo Global Markets is expected to expand its offerings to additional blockchain platforms such as BNB Chain, Solana, and Ondo Chain [6] Trading and Custody - Investors can transfer tokenized assets across various wallets and exchanges, including BitGet Wallet, Trust Wallet, and OKX Wallet [5][7] - The custody of the tokenized assets is managed by licensed partners, ensuring security and compliance [4]