Ondo Finance Company Ondo Global Markets platform launched. This is a market for tokenized stocks and stocks that are available to non-US investors.
For now, The platform has access to around 100 shares and ETFs on the Ethereum Network The company plans to expand to over 1,000 assets by the end of the year. Solana and BNB Chains are the following networks that add compatibility:
Cryptonotics has visited the platform to get first-hand experience of manipulating these tokenized actions. But this is still not possible. Only access to the waiting list is provided. This requires you to fill out the form and pass the customer’s check (KYC).
It will become clear to you: «The tokens of the Global Market are not registered under the U.S. Value Act of 1933, modified versions, or the laws of other jurisdictional values or other laws, and cannot be offered or sold in the United States or US citizens. Tokens are offered in the European Economic Space and the UK and are sold to qualified investors and to expert clients in Switzerland only. Other prohibitions and restrictions apply».
This happens, but Token Ondo prices (used for governance of Ondo Finance) are relatively mildas observed in the following graph provided by TrainingView:
Ondo’s market capitalization is $2.9 billionAccording to Coinmarketcap tracker, it will be placed almost at 39th in digital assets.
