Home Ondo Expands Tokenized Asset Reach Through NEAR

Ondo Expands Tokenized Asset Reach Through NEAR

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Ondo Expands Tokenized Asset Reach Through NEAR
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Ondo Finance has expanded access to its tokenized stocks and ETFs through the NEAR ecosystem, bringing 20 tokenized stocks, ETFs and commodity-linked products to users through near.com and NEAR Intents. The rollout includes tokenized exposure to companies such as Tesla, Nvidia, Apple, Microsoft and Amazon, as well as the QQQ ETF.

Gold- and silver-linked products are also included. The securities continue to be issued by Ondo, while NEAR provides an additional interface and routing layer for eligible users. The move gives investors another way to access Ondo’s existing tokenized-asset ecosystem.

The products are not newly issued by the NEAR network. Instead, NEAR provides another route through which eligible users can interact with assets already issued by Ondo.

The integration also connects Ondo Stocks with NEAR Intents. The system is designed to facilitate transactions across supported wallets, applications and blockchain networks. NEAR says its infrastructure can support activity across more than 30 networks.

For users, the idea is to make transactions involving assets on different blockchains simpler. Instead of having to work out which network is required for every transaction, the routing system is intended to handle more of that complexity in the background.

The NEAR integration follows Ondo’s earlier expansion across networks including Ethereum, Solana and BNB Chain. Ondo said more assets could be added to the NEAR integration over time.

The company is also working to connect its tokenized products with traditional financial infrastructure. On September 16, its broker-dealer subsidiary, Oasis Pro Markets, joined the DTCC Fund/SERV network. According to DTCC, the system processes more than 85% of US mutual fund transaction activity.

That connection gives Ondo access to established processes covering areas such as transaction confirmations, reconciliation, fund distributions and regulatory reporting. It therefore represents a different part of Ondo’s broader tokenization strategy: NEAR expands blockchain-based distribution, while Fund/SERV connects with conventional fund-market infrastructure.

Ondo has also introduced a system that allows approved institutions to convert eligible shares they already hold into tokenized stocks or ETFs. The process can be reversed, allowing the tokenized assets to be redeemed for the underlying shares.

Ondo says its broader platform has more than $1 billion in total value locked and more than 450 tokenized stocks and ETFs. These figures cover the company’s overall business and do not represent the size of the NEAR rollout.

The expansion does not, by itself, show how widely tokenized securities will ultimately be adopted. Access depends on factors including jurisdiction, investor eligibility, regulated intermediaries and the platforms supporting the products.

For now, Ondo is adding another blockchain route for eligible users while simultaneously building links between tokenized assets and the traditional financial system.

Stay informed with the latest trends in Web3, blockchain innovation, and cybersecurity updates at 3verseTV

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Written by
Kapil Rajyaguru -

Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

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