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In simple terms: a project called Ondo Finance has 'moved' stocks from American companies like Apple and Tesla onto the BNB Chain blockchain, a process called 'tokenization.' This way, global investors, especially users in Asia and Latin America, can buy and sell these stocks directly through the blockchain network more conveniently and at a lower cost.
Main information points:
What happened: Ondo Finance has launched its tokenized stocks and ETFs (more than 100) on the BNB Chain.
What does it mean: This provides over 3.4 million daily active users on the BNB Chain with a new channel for investing in the US stock market, enabling 24-hour trading and instant settlement.
Market background: The report mentions that the total market size of tokenized assets has grown to approximately $700 million, indicating that this sector is experiencing rapid growth.
