Today, tokenized real-world asset (RWA) issuer Ondo Finance and the Ondo Foundation officially launched the Ondo Global Markets (GM) platform providing 24/7 onchain access to more than 100 U.S. stocks and ETFs.
Initially available to qualifying users on Ethereum, Ondo GM plans to expand its offerings to 1,000 tokenized securities across BNB Chain and Solana by the end of the year. GM has adopted Chainlink as its official oracle platform for trusted asset price data and cross-chain interoperability that drives institutional-grade onchain finance at scale.
Ondo Finance revealed its vision for GM as “Wall Street 2.0” in February ahead of the inaugural Ondo Summit. In a post on X, Ondo Finance CEO Nathan Allman detailed how GM’s superior liquidity and accessibility separate the platform from other tokenized stock offerings.
Allman and Chainlink co-founder Sergey Nazarov, who both attended this year’s Inaugural Crypto Ball, are motivated by the new crypto-friendly U.S. regulatory environment. The two recently sat down to discuss how U.S. regulatory clarity would accelerate global institutional adoption.
In May, Chainlink, Ondo Finance, and Kinexys by J.P. Morgan, the financial services firm’s blockchain business unit, announced the success of a cross-chain delivery versus payment (DvP) test transaction powered end-to-end by the Chainlink Runtime Environment (CRE).
The transaction demonstrated settlement of Ondo Finance’s flagship tokenized U.S. Treasuries Fund (OUSG) with J.P. Morgan’s permissioned Kinexys Digital Payments network on Ondo Chain. The solution establishes how assets and payments can be exchanged simultaneously cross-chain, reducing counterparty and settlement risks that make traditional DvP transactions difficult to execute while costing market participants over $914 billion during the past decade.
Nazarov called the collaboration between Chainlink and Ondo a “clear sign” that TradFi and DeFi have already begun to converge.
“It is becoming increasingly clear to the world’s institutions that they have a large addressable market in the public chain community and that they need a reliable set of technical standards and cross-chain connection capabilities to successfully transact in this new world.”