Home Ondo Brings 24/7 Minting & Redemption Of Tokenized Stocks To Solana

Ondo Brings 24/7 Minting & Redemption Of Tokenized Stocks To Solana

Share
Ondo Brings 24/7 Minting & Redemption Of Tokenized Stocks To Solana
News
Share

Ondo Finance has grown its tokenized securities platform on Solana by adding 24/7 minting and redemption for certain tokenized U.S. stocks and ETFs. At first, this feature supports NVDAon, TSLAon, GOOGLon, SPYon, QQQon, and CRCLon, so investors can create or redeem these assets any time, not just during regular U.S. stock market hours.

The rollout builds on Ondo’s broader push into tokenized finance. Earlier this year, the company launched more than 200 tokenized U.S. stocks and ETFs on Solana through Jupiter’s RFQ infrastructure, providing blockchain-based access to traditional equities during market hours. More recently, it unveiled Ondo Perps, a perpetual futures platform that allows traders to use tokenized stocks as collateral for leveraged trading across equities, commodities, indices and cryptocurrencies with leverage of up to 20x.

Ondo says that many platforms offering 24/7 tokenized stock trading only allow transfers between users, which can mean less liquidity and higher trading costs. With its new system, investors can mint or redeem supported tokenized securities directly at current market prices all week, giving them steady access to liquidity.

Ondo says it will add more tokenized assets as demand increases. In a post on X, the company called this launch another move toward global markets that are always open, saying that markets with fixed trading hours are outdated. This expansion shows that more firms are adopting blockchain-based tokenized securities to bring traditional assets on-chain.

 

 

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

Ondo Brings 24/7 Minting & Redemption Of Tokenized Stocks To Solana
News

Ondo Brings 24/7 Minting & Redemption Of Tokenized Stocks To Solana

Ondo Finance has grown its tokenized securities platform on Solana by adding 24/7 minting and redemption for certain tokenized U.S. stocks and...

PayPal USD Launches Natively On Polygon To Expand Global Stablecoin Payments
News

PayPal USD Launches Natively On Polygon To Expand Global Stablecoin Payments

PayPal USD (PYUSD), a U.S. dollar-backed stablecoin from Paxos, is now available directly on the Polygon blockchain through the Polygon Open Money...

MARA Expands AI Infrastructure With Texas Site Acquisition As Stock Jumps
News

MARA Expands AI Infrastructure With Texas Site Acquisition As Stock Jumps

MARA Holdings, a Bitcoin mining company, is expanding into artificial intelligence infrastructure by buying a 1,200-acre powered site in Texas. After the...

Kalshi Expands Beyond Crypto With Push Into Gold, FX & Energy Derivatives
News

Kalshi Expands Beyond Crypto With Push Into Gold, FX & Energy Derivatives

Kalshi, a prediction markets platform, plans to grow beyond cryptocurrencies by offering perpetual futures tied to gold, foreign exchange, and energy markets....

Latest Blogs

Crypto Savings 101: How To Earn Passive Income From Stablecoins

Introduction Let’s imagine a hypothetical situation of wanting to sell Bitcoin after a big rally! Suppose you now have $10,000 in your...

How To Know What Drives The Price Of AI Tokens?

Have you ever wondered why some Artificial Intelligence (AI) tokens witness huge price rallies while others struggle to survive? Well, the AI...

5 Ways You Can Make Money From AI Tokens

AI Tokens are perhaps the hottest trend in the cryptocurrency market today and are most likely to become a major investment narrative...

Rise Of AI Memecoins: How AI Is Redefining Memecoin Trading

The world of cryptocurrency has always been full of surprises, but the rise of AI agents in memecoin trading is something new...

Related Articles

Crypto Savings 101: How To Earn Passive Income From Stablecoins

Introduction Let’s imagine a hypothetical situation of wanting to sell Bitcoin after...

How To Know What Drives The Price Of AI Tokens?

Have you ever wondered why some Artificial Intelligence (AI) tokens witness huge...

5 Ways You Can Make Money From AI Tokens

AI Tokens are perhaps the hottest trend in the cryptocurrency market today...

Rise Of AI Memecoins: How AI Is Redefining Memecoin Trading

The world of cryptocurrency has always been full of surprises, but the...