🔗🌍 Ondo Finance forms Global Markets Alliance to Set Global Standards for Tokenized Securities 📈💼
Ondo Finance has launched the 🌐 Global Markets Alliance, a coalition of top crypto players — including Solana Foundation, Fireblocks, BitGo, Trust Wallet, Bitget Wallet, and Jupiter — to develop shared standards for tokenized securities like stocks and ETFs. This initiative aims to boost accessibility, interoperability, and investor protection across platforms. 💹🔒
The alliance supports the upcoming Ondo Global Markets platform, which will enable users outside the U.S. to directly access U.S. securities through crypto apps and wallets. 💳📲
Participants will contribute key infrastructure:
■BitGo: Secure institutional custody 🔐
■Trust Wallet & Bitget Wallet: Onchain access & self-custody 💼
■Alpaca: Tokenized brokerage infrastructure 🏦
■Jupiter & 1inch: Deep liquidity aggregation 🌊
Recent Ondo milestones include:
□Launch of tokenized U.S. Treasuries on the XRP Ledger 🏛️
□Cross-chain settlement with JPMorgan’s Kinexys & Chainlink 🔄
□Instant conversions between OUSG fund & PayPal’s PYUSD 💱
Ondo CEO Nathan Allman highlighted the importance of standardization for unlocking capital market efficiencies, while Trust Wallet CEO Eowyn Chen sees tokenized securities as a vital bridge to a more inclusive financial future. 🤝📱
