Home Ondo Launches 24/7 Tokenized Stock Minting, Bringing Round-the-clock Access To US Equities

Ondo Launches 24/7 Tokenized Stock Minting, Bringing Round-the-clock Access To US Equities

Share
Ondo Launches 24/7 Tokenized Stock Minting, Bringing Round-the-clock Access To US Equities
News
Share

Ondo Finance has launched what it says is the first 24/7 minting and redemption service for tokenized U.S. stocks and ETFs. Eligible users can now create and redeem tokenized securities at any time, even on weekends and holidays. The service is available on Ethereum and BNB Chain, with Solana support coming soon. This launch removes one of the last ties between tokenized stocks and traditional market hours, moving closer to always-on blockchain capital markets.

Before this, Ondo’s platform let investors trade tokenized stocks at any time, but minting and redemption only happened when U.S. markets were open. Now, with the upgrade, investors can enter or exit positions at any time at current market prices, making tokenized securities more flexible and easier to access for users worldwide.

The rollout starts with six of Ondo’s most traded tokenized assets: SPYon, QQQon, CRCLon, NVDAon, TSLAon, and GOOGLon. The company says more tokenized stocks and ETFs will be added as demand for blockchain versions of traditional assets keeps growing.

Ondo thinks that letting users mint and redeem tokens at any time will boost liquidity and make tokenized securities more useful in DeFi. These assets can already be moved 24/7 and are used as collateral on DeFi platforms like Ondo Perps, Morpho, and Euler. Allowing round-the-clock issuance means investors no longer have to wait for regular market hours to complete the investment cycle.

This launch is part of Ondo’s fast growth in tokenized finance. Earlier this year, Ondo added over 200 tokenized U.S. stocks on Solana and teamed up with Mirae Asset to tokenize Global X ETFs. Now, Ondo offers more than 430 tokenized stocks and ETFs on several blockchains and says its platform has over $1 billion in total value locked, beating its competitors.

As more institutional and retail investors show interest in tokenization, Ondo’s new service shows how blockchain is slowly removing the time limits that have always been part of traditional financial markets.

 

 

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

Share
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.

Leave a comment

Leave a Reply

Latest News

Grayscale Partners With Republic To Offer DeFi & AI Crypto Funds For $2,500
News

Grayscale Partners With Republic To Offer DeFi & AI Crypto Funds For $2,500

Grayscale joined forces, with Republic to bring three crypto investment options. These options focus on DeFi decentralized AI and blockchain data networks....

Uniswap Launches Dynamic Fees On Ethereum To Tackle Arbitrage During Price Swings
News

Uniswap Launches Dynamic Fees On Ethereum To Tackle Arbitrage During Price Swings

Uniswap has launched the VolatilePair Hook on Ethereum mainnet to introduce dynamic swap fees for its ETH/USDC pool. The Uniswap v4 hook...

Ripple Prime Launches 24/7 Perpetual Swaps Across 100+ Asset Markets
News

Ripple Prime Launches 24/7 Perpetual Swaps Across 100+ Asset Markets

RWA perpetual swaps were introduced by Ripple Prime in over 100 conventional asset markets. Foreign exchange, commodities, energy, equity indices, ETFs, and...

Crypto.com Launches Predict Pro With Advanced Tools For US Prediction Market Traders
News

Crypto.com Launches Predict Pro With Advanced Tools For US Prediction Market Traders

For US traders looking for sophisticated tools to trade contracts linked to actual events, Crypto.com introduces Predict Pro. Sports, elections, cryptocurrency prices,...

Related Articles

Do You Need A Cryptocurrency Trading Bot?

The crypto market never closes. Bitcoin can move while you are sleeping,...

How To Use Dexscreener To Find Crypto Gems

If you have ever looked at a new crypto token and wondered...

How To Build AI Agents From Scratch

Artificial Intelligence (AI) is no longer just about answering questions since AI...

Why The Same Crypto Swap Can Cost You More!

Ever wondered why the same crypto swap can give you a different...