- 1inch partners with Ondo for tokenized asset access.
- Global users access U.S. stocks on-chain.
- Enhanced cross-chain financial inclusion via Ethereum.
1inch integrates Ondo Finance to provide jurisdiction-aware access to tokenized U.S. stocks and ETFs via its Swap API, leveraging Ethereum for global reach, excluding the U.S. and U.K.
This upgrade offers expanded market accessibility and liquidity, potentially altering the tokenization landscape and attracting attention from global investors, despite regulatory hurdles in major markets.
1inch has upgraded its Swap API, collaborating with Ondo Finance. The aim is to provide jurisdiction-aware access to tokenized real-world assets like U.S. stocks and ETFs.
The collaboration with Ondo Finance enables users from selected regions to access U.S. securities, excluding residents from the U.S. and U.K. due to regulatory constraints.
This integration is primarily built on the Ethereum blockchain, supported by infrastructure partners such as Trust Wallet and BitGo. It aims to enhance market accessibility and liquidity for global investors.
Users benefit from the incorporation of blockchain technology that facilitates tokenized stock trading, enhancing accessibility for Asia, Europe, Africa, and Latin America markets. Nathan Allman, Founder and CEO, Ondo Finance, stated: “Ondo Global Markets is a breakthrough in financial access. Global investors can now access the largest selection of tokenized U.S. stocks and ETFs onchain… Ondo Global Markets is doing the same thing for U.S. securities.”
The move could encourage further integration of traditional assets with blockchain, increasing global financial inclusivity. By tokenizing stocks, there is potential for a transformed landscape in trading accessibility.
Ondo Finance previously allocated extensive funding towards RWA development. Varying regulatory landscapes, such as exclusions of the U.S. and U.K., underscore regulatory hurdles. Trust Wallet’s new Ondo tokenized stocks feature launched. Market expansion is anticipated through blockchain innovations.
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