Hassan Maishera
On Tuesday, the NEAR Protocol announced via X that it has partnered with Ondo Finance to bring tokenized US stocks and ETFs to Near.com.
With this launch, users can now buy tokenized US stocks and ETFs on near.com with stablecoins or any supported crypto, across 30+ chains, all from one account.
US equities are the world’s largest and most valuable risk-asset market. Starting today, they're available from any chain, with no brokerage account standing between you and the trade.
NEAR is starting with some of the world's most actively traded stocks: NVDAon, TSLAon, AAPLon, GOOGLon, METAon, MSFTon, and AMZNon—plus SPYon, QQQon and more.
Ondo's tokenized stocks are total return tracker tokens. Each one gives users economic exposure to the underlying security, including price movements and reinvested dividends net of applicable withholding taxes. Fractional tokens are supported, so a single dollar can buy users a slice of NVDA.
NEAR Protocol is a decentralized application platform designed to make apps similarly usable to those on today’s web. The network runs on a Proof-of-Stake (PoS) consensus mechanism called Nightshade, which aims to provide dynamic scalability and stabilize fees.
NEAR combines three core elements: User-Owned AI, which ensures agents act in users’ best interests; Intents and Chain Abstraction, which eliminate blockchain complexity for seamless, goal-driven transactions across chains; and a sharded blockchain architecture that delivers the scalability, speed, and low-cost execution needed for real-world AI and Web3 use.
NEAR Protocol is unique because it was purpose-built for AI from day one—not retrofitted after the fact. Founded by AI researchers, its architecture was designed to support intelligent systems at scale. With Nightshade sharding, NEAR can handle billions of transactions without congestion or rising fees. Developers can build using familiar languages like JavaScript and Rust, onboard users without wallets, and tap into other blockchains without bridges through Chain Signatures and NEAR Intents. Its progressive security model, low-predictable fees, and native support for AI agents make NEAR the most practical blockchain for building the next generation of autonomous applications.
NEAR is trading at $4.38, up 0.4% in the last 24 hours.
Ondo (ONDO) stands as a beacon in the realm of decentralized finance, aiming to democratize access to institutional-grade financial services. Founded in 2022 and based in the Cayman Islands, Ondo operates through a unique ecosystem that bridges traditional finance with blockchain technology.
The Ondo Foundation collaborates closely with Ondo Finance, its commercial partner, to support decentralized protocols and the tokenization of real-world assets.
The ONDO token, sold to over 18,000 individuals in mid-2022, plays a pivotal role within this ecosystem. It serves as a governance token within the Ondo Finance decentralized autonomous organization (DAO), granting holders specific rights related to Flux Finance, which is governed by the Ondo DAO. This governance structure empowers ONDO token holders to influence the direction and policies of the DAO, ensuring that the mission of democratizing finance remains at the forefront.
Flux Finance, a key component of the Ondo ecosystem, benefits from the oversight and governance provided by ONDO token holders. This decentralized approach ensures that decisions are made transparently and in the best interest of the community. The Ondo Foundation's commitment to supporting decentralized protocols and tokenized assets further solidifies its role as a transformative force in the financial landscape.
ONDO, the native coin of Ondo Finance, is up 0.4% in the last 24 hours and is now trading at $0.4348.
