BNB Chain, a decentralized blockchain ecosystem by crypto exchange Binance, has announced a partnership with the RWA-focused decentralized finance (DeFi) platform Ondo Finance to integrate tokenized real-world assets (RWAs) into the blockchain.
According to the announcement, this includes more than 100 U.S. stocks, exchange-traded funds (ETFs), and funds onchain with the liquidity of traditional finance (TradFi).
“Wall Street is coming to BNB Chain,” says the BNB Chain team. “100+ tokenized US equities, ETFs & funds are coming to BNB Chain via OndoFinance—giving users access to traditional market liquidity.”
Moreover, Ondo’s suite of tokenized RWAs will enable users to gain simpler access to US equities without leaving BNB Chain, the team adds.
The tokens are onchain representations of US stocks, ETFs, and funds. They are issued by third parties.
“BNB Chain’s participation underscores the growing momentum behind the tokenization of traditional assets and the industry’s commitment to building a more inclusive and efficient financial ecosystem,” Ondo says.
Meanwhile, Binance Coin (BNB) has increased by 2.2% over the past 24 hours. It went up from the intraday low of $676 to the current price of $693.28.
Additionally, it appreciated by 4.9% in the past week, 6% in a month, and 22% in a year. The coin hit its all-time high of $788.84 in December 2024.
At the same time, ONDO is up 5% in a day, now trading at $0.9434. This is a rise from the daily low of $0.898662.
Overall, the coin is up 17.2% in a week and 15.7% in a month, and down 11.6% in a year. Its ATH is $2.14, hit in December 2024.
BNB Chain and Bitget Join Ondo’s Global Markets Alliance
BNB Chain has joined Ondo’s Global Markets Alliance as part of the partnership. This is a collaborative initiative between wallets, exchanges, and custodians to form industry standards and promote interoperability for tokenized securities.
Ondo announced it in June, naming the Solana Foundation, Bitget Wallet, Jupiter, Trust Wallet, Rainbow Wallet, BitGo, Fireblocks, 1inch, and Alpaca among the members.
Today, Bitget also announced that it has joined the Alliance. The exchange says that it plans to list over 100 tokenized U.S. equities, ETFs, and money market funds for global retail and institutional users later this summer.
Bitget CEO Gracy Chen commented that “tokenization will be the major driver of the next phase of digital asset adoption, its market is projected to reach trillions of dollars in the coming years. Supporting tokenized stocks is a step closer to our goal to help users trade smarter.”
“By focusing on interoperability, investor protections, and liquidity, the alliance aims to streamline user access to [RWAs] and set the highest standards for the industry,” Ondo says.
The post ‘Wall Street is Coming to BNB Chain’ via Partnership With Ondo Finance appeared first on Cryptonews.
