Bitget Partners with Ondo Finance to Tokenize Traditional Assets

Bitget and Ondo Finance Team Up for RWA Tokenization

Bitget, a leading cryptocurrency exchange, is partnering with Ondo Finance to offer tokenized U.S. stocks and ETFs to its users. This collaboration aims to bridge the gap between traditional finance and the decentralized world by bringing real-world assets (RWAs) onto the blockchain.

This partnership makes Bitget an official member of the Global Markets Alliance, a cooperative project initiated by Ondo Finance to accelerate RWA tokenization.

Key Takeaways:

• Access to Tokenized Assets: Bitget users will gain access to over 100 tokenized U.S. stocks, ETFs, and money market funds.
• Diversification: Users can diversify their portfolios beyond cryptocurrencies and invest in tokenized versions of traditional financial instruments.
• 24/7 Trading: Tokenized assets offer the advantage of continuous trading, unlike traditional stock markets.
• Fractional Ownership: Enables smaller investments by allowing users to purchase fractions of shares or ETFs.
• Global Accessibility: Removes geographical barriers, allowing users worldwide to access U.S. equity markets.

"The next phase of digital asset adoption will be driven by tokenization," says Gracy Chen, CEO of Bitget. "Supporting tokenized stocks is a step closer to our goal to help users trade smarter. Through our partnership with Ondo and the Global Markets Alliance, we're contributing to a more global, liquid, accessible, and inclusive financial market."

Nathan Allman, CEO of Ondo Finance, adds, "Bringing Ondo's tokenized stocks and ETFs to Bitget will represent a significant step forward in our mission to make global financial markets accessible onchain. Bitget's expansive user base will become a critical platform for onchain access to US equities as we continue building the infrastructure for institutional-grade onchain capital markets."