Ondo Finance has launched Ondo Global Markets (Ondo GM), a platform aimed at tokenizing US securities, including stocks, bonds, and ETFs, to enhance accessibility and efficiency in financial markets. The company describes its platform as a solution to traditional securities market challenges such as high fees and limited access. By leveraging blockchain technology, Ondo GM will facilitate the creation of transferable tokens tied to over 1,000 securities from the NYSE and Nasdaq, each backed 1:1 by the corresponding security. This initiative aims to create a more transparent and efficient trading environment, available globally and continuously. Ondo Finance draws a parallel between its platform and the impact of stablecoins on dollar accessibility, suggesting that it could revolutionize the investor experience. The recent move coincides with adjustments by traditional exchanges, like Cboe Global Markets expanding trading hours in response to the growing demand for onchain trading alternatives.

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