500M Europeans to acesss tokenized stocks as Ondo Finance gains Liechtenstein approval
Blockchain is going mainstream and tokenization of traditional assets is taking it there.
There a trillions-worth of assets sitting on isolated and restricted TradFi platforms, stocks that cannot be accessed by foreigners, debt with the safest yield in the market (in comparison to everything else), in the United States, there are over 3,500 publicly traded companies worth $67 trillion, much of which the global market cannot access and shape their evolution through capital.
With all of that coming on-chain, we fix the biggest wall that's stand between businesses and access to capital to scale, and users from funding causes they believe in and can build wealth through.
Ondo Global Markets has received regulatory approval to bring tokenized stocks and ETFs to investors across the European Union (EU) and the broader European Economic Area (EEA). With this milestone, more than 500 million investors in 30 European countries can soon access regulated exposure to U.S. markets directly onchain.
The authorization comes from the Liechtenstein Financial Market Authority, a well-established European regulator whose passporting regime extends across the EEA, which includes all EU jurisdictions. The landmark expansion is a meaningful step forward in bringing traditional financial assets onto the blockchain economy, providing Europe’s retail investing public with a compliant, accessible, and institutional-grade solution for tokenized assets.
Ondo Global Markets continues to define the future of tokenized finance, operating as the largest platform for tokenized stocks and ETFs with $315+ million in TVL and over $1 Billion in volume since launch, setting the benchmark for how traditional markets move onchain. – Ondo Finance
Most enthusiasts watching the tokenization space are familiar with the name Ondo Finance. This is the third leading tokenization platform by value of real world assets (RWAs) tokenized at $1.79 billion, and the number one leading platform by number of RWAs tokenized, at 105. Ondo also has a platform token worth $1.68 billion.
Slowly but surely: the replacement
DeFi will eat traditional finance. It doesn't look like it now, especially with every new development being some hybrid finance solution that doesn't entirely more capital on-chain, but rather creates a bridge, keeping KYC in the loop, essentially making any access to DeFi through those channels, regulated by traditional laws.
Yes, these things are obvious, but that doesn't change the fact that tokenization can be good for DeFi. A replacement of TradFi systems completely will take time, and that's probably for the best.
Earlier this month, Aave integrated VanEck's Tokenized Treasury Fund, VBILL, into its RWA-lending market, enabling VBILL to be used as collateral to access stablecoin loans.
This is one of many pathways that traditional capital will move away from centrally regulated systems.
When tokenization platforms enable investors to move their assets and capital on-chain, decentralized finance solutions and platforms will enable them turn those value into decentralized capital that is generally out of reach of the centralized government.
If users and investors want to take it a step forward, they can move their capital into privacy coins or through privacy tech to avoid government (and affiliate) surveillance.
Soon, over 500 million Europeans will get a shot at accessing this. And slowly, but steadily, the whole world will come to transact freely on a decentralized financial layer.
Posted Using INLEO