Ondo Brings U.S. Stocks On-Chain

Ondo Finance introduces US stocks on chain

Ondo Finance, a decentralized finance-focused asset manager and tech firm, has rolled out tokenized versions of more than 100 U.S.-listed stocks, ETFs, and other equities on Ethereum, and planning onto BNB and SOL chain, though only available for non-U.S. investors, according to an announcement from the company.

“Ondo tokenized stocks are fully backed and secured by U.S. stocks and ETFs held at one or more U.S.-registered broker-dealers and cash in transit,” the company said in its announcement.

See announcement https://x.com/OndoFinance/status/1963236536104722798

Coinbase Mag7 + Crypto equity index futures

On September 22, Coinbase will launch futures trading for index that is composed of 10% of each of the 10 symbols below:

• “Magnificent 7” Stocks: The top seven (7) technology companies in the US stock market.
  • Apple Inc. (AAPL)
  • Microsoft Corporation (MSFT)
  • Alphabet Inc. (GOOGL)
  • Amazon.com Inc. (AMZN)
  • NVIDIA Corporation (NVDA)
  • Meta Platforms Inc. (META)
  • Tesla Inc. (TSLA)
• Coinbase Global Inc. (COIN) Stock
• Cryptocurrency ETFs
  • iShares Bitcoin Trust ETF (IBIT)
  • iShares Ethereum Trust ETF (ETHA)

See details https://www.coinbase.com/blog/coming-september-22-mag7-crypto-equity-index-futures

Galaxy Digital to tokenize its equity shares on Solana

Nasdaq-listed crypto firm Galaxy Digital has launched an initiative to tokenize its "SEC-registered equity directly on a major blockchain," according to an announcement on Wednesday. Effective today, stockholders can now tokenize their GLXY shares through Superstate's Opening Bell platform.

Galaxy's tokenized shares and future listings on Opening Bell could be made available via Automated Market Makers and other DeFi platforms to unlock broader liquidity and utility, according to Wednesday's release. Galaxy's tokenized shares will be available to approved KYC'd investors who can hold and transfer them within their own crypto wallets.

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