Ondo To Put BitGo Stock Onchain Following New York Stock Exchange Debut

Ondo Finance is planning to make BitGo’s (BTGO) stock available on blockchain rails Thursday, the same day of its public listing on the New York Stock Exchange, giving global investors faster access to the newly public crypto custodian.

The tokenized shares will be tradable on Ethereum, Solana and BNB Chain through Ondo Global Markets, the company’s platform for trading traditional financial assets onchain, shortly after it starts trading on NYSE.

Ondo claimed the bragging rights of being one of the first instances of tokenizing a U.S. company’s stock so quickly after its IPO. BitGo has not yet begun trading but is expected to later in the day.

This way, investors outside the U.S. can gain exposure to BitGo without waiting for brokerage access or leaving blockchain rails, using their stablecoins to buy the firm’s stock.

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