Bitget Joins Ondo Alliance to Expand Access Tokenized US Stocks
Bitget Joins Ondo Alliance to Expand Access Tokenized US Stocks

Bitget Joins Ondo Alliance to Expand Access Tokenized US Stocks

News summary

Bitget, a leading cryptocurrency exchange, has joined Ondo Finance's Global Markets Alliance to enhance access to tokenized real-world assets (RWAs), including over 100 tokenized U.S. stocks, ETFs, and money market funds. This strategic partnership aims to leverage Ondo's infrastructure to provide Bitget users with 24/7 trading, fractional ownership, and global accessibility of blockchain-based tokenized securities, expanding investment opportunities beyond traditional crypto assets. CEO Gracy Chen emphasized that tokenization is pivotal for the next phase of digital asset adoption, contributing to a more global, liquid, accessible, and inclusive financial market. The Global Markets Alliance unites exchanges, custodians, DeFi platforms, and infrastructure partners to promote interoperability and industry standards for tokenized RWAs. Additionally, Bitget has demonstrated a strong commitment to its ecosystem by conducting significant burns of its native BGB tokens, reducing supply to potentially increase value and signal confidence to investors. These developments underscore Bitget's dual focus on expanding innovative investment products and maintaining a deflationary mechanism to support token value.

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