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Benzinga
Benzinga
Business
Murtuza J Merchant

Bitget, Bitget Wallet Launch Trading Of 100 Tokenized Stocks, ETFs Via Ondo Finance

Bitget, Kyiv,,Ukraine,-,March,15,,2024,Bitget,Logo,On,Iphone

Bitget and Bitget Wallet have launched trading support for more than 100 tokenized real-world assets (RWAs), including U.S. stocks and ETFs, via an integration with Ondo Finance (CRYPTO: ONDO).

The new RWA module allows users to trade tokenized representations of equities such as Apple Inc (NASDAQ:AAPL), Tesla Corp (NASDAQ:TSLA), Microsoft Corp (NASDAQ:MSFT), Amazon.com Inc (NASDAQ:AMZN), and NVIDIA Corp (NASDAQ:NVDA), alongside major ETFs.

Each token mirrors the performance of the underlying security and reinvested dividends, with assets fully backed and held by regulated custodians.

The integration, announced Wednesday, marks one of the largest onchain offerings of tokenized stocks to date.

It provides access to financial products traditionally limited to institutional investors, while requiring as little as $1 to participate.

Also Read: Moca Network Launches MocaPortfolio, Offering Community Exposure To Animoca Brands’ Ecosystem

Assets are currently available on Ethereum (CRYPTO: ETH), with plans to expand to Solana (CRYPTO: SOL), BNB Chain (CRYPTO: BNB), and other blockchains.

Ondo Finance, which manages over $1 billion in assets, issues tokenized securities under a regulated legal framework, supported by daily third-party attestations.

Unlike typical onchain pools, its tokenized assets draw liquidity directly from traditional equity markets.

The move follows Bitget and Bitget Wallet joining Ondo's Global Markets Alliance earlier this year.

The companies said the integration broadens access to tokenized financial products for eligible users outside the U.S. and positions them to scale offerings to more than 1,000 tokenized assets in the coming months.

Read Next:
Federal Reserve To Host October Conference On Convergence Of Traditional And Decentralized Finance

photo: Mehaniq via Shutterstock

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