Hassan Maishera
On Tuesday, the Ondo Finance team announced via X that its tokenized stocks are now live on Uniswap, a leading decentralized finance platform.
Qualified participants on Ethereum (ETH) and BNB Chain can now gain exposure to leading equities such as SpaceX (SPCX), Tesla (TSLA), Nvidia (NVDA), and Apple (AAPL), along with major ETFs like QQQ and SPY, all seamlessly via the Uniswap platform.
Ondo Finance stated in the press release that protocols, wallets, or applications that have integrated UniswapX can link their users to Ondo tokenized stocks and ETFs without additional integration work.
Ondo Finance is a leading real-world asset (RWA) tokenization platform, with a self-reported Total Value Locked (TVL) of $1.02 billion. The protocol boasts over 77,000 unique holders spread across over 430 assets.
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 down 0.8% in the last 24 hours and is now trading at $0.3106.
