Ondo Finance has announced a major update for its Ondo Global Markets (Ondo GM) platform, which starts a tookenization structure designed to bring publicly trading securities ONCHE.
Ondo GM platform Outside the US, investors will be able to acquire onchain exposure for thousands of people of publicly trading securities including stock, bonds and ETFs.
Each tokens will be supported by 1: 1 by an underlying property and will be freely transferable outside the US
Platform will also support the third-party financial application development through API and SDK, expanding the ecosystem for tokens securities.
The new model allows for the construction of independently transferable tokens, similar to stabechoin, to improve liquidity and access to the financial markets.
Today’s investment experience is a burden from high fees, limited access, transfer friction and platform fragmentation. Ondo (Ondo) believes that blockchain technology can address these disabilities by providing more open, efficient and transparent systems.
A system that models stablecoins
Originally, Ondo GM planned to tokens securities through a completely allowed system associated with traditional broker-delers.
However, after discussion with industry stakeholders, the company moved to a model, which mirrors stabechoin, which allows the distribution layer rather than restricting tokens.
The major features of Ondo GM include instant mint and reis, 24/7 global access, full liquidity, built-in margin access and onchain financial services. Investors can also choose the option of giving security loan to generate additional yield.
Blockchain-based record-mipping of the platform ensures the difference in financial services, allowing users to borrow, trade and manage property without platform lock-in.
