I've been watching this space closely and something interesting is happening with tokenized U.S. stocks and ETFs on blockchain platforms. Ondo Finance, which handles the actual tokenization (backing them 1:1 with real shares), got some good news earlier this month when the SEC closed a long-running investigation without any charges. That cleared up a big overhang. Around the same time, their partnership with Bitget really started showing results as the exchange handled over $88 million in trading volume for these Ondo tokens in the first week of December alone, grabbing about 73% of the total market share. They've since pushed past $500 million cumulative with over 100+ different U.S stock. names like Apple or Tesla among top. Is this basically a way for non-U.S. folks to get exposure to stocks without opening a traditional brokerage account? what baffles me is the trading volumes which suggest people are actually using it.
Tokenized U.S. Stocks Are Quietly Booming, Is this the future?
byu/Sad-Struggle7797 instocks
Posted by Sad-Struggle7797
8 Comments
Why not just buy real shares?
Another “you think you own it, but you don’t” thing. I would avoid any crypto related asset unless it’s protected by law and regulations.
The future is far
Creating a problem and then not solving it is pretty amazing.
What a lot of people commenting here are not realizing is that you can buy tokenized stocks in private companies so there definitely is a purpose to them for the folks saying it’s pointless
My cryptocurrencies are in non-custodial wallets and my stocks are in my brokerage account.
What would be the advantage of combining both worlds and buying stocks on the blockchain? Lower fees perhaps?
I know the downside would be not actually owning the stocks but just a representative token.
I personally think it is the future. I think it’s a reason why nasdaq is moving to 24/5 trading.
I have these cat pictures to sell you, no listen they are on the blockchain