Ondo Finance’s BNB Chain Expansion Could Change How the World Trades Stocks

Ondo Finance, a company known for blending decentralized finance with traditional assets, is taking another major step in expanding global access to tokenized securities.

After debuting its tokenized U.S. stocks and ETFs on the Ethereum network in September, the firm now plans to bring its platform, Ondo Global Markets, to the BNB Chain.

The move will allow non-U.S. investors to trade American equities around the clock using blockchain-based settlement and custody systems. Within just a few weeks of its Ethereum launch, Ondo Global Markets had already crossed $350 million in total value locked and generated over $669 million in onchain trading volume – a signal of strong early demand.

Ondo’s CEO, Nathan Allman, described the expansion as a key step in reaching new audiences: bringing access to tokenized U.S. assets to millions of users across regions such as Asia and Latin America through BNB Chain’s fast and low-cost ecosystem.

Founded with backing from Peter Thiel’s Founders Fund, which co-led a $20 million Series A round in 2022, Ondo Finance has steadily grown its footprint. The company followed that funding with a $10 million public token sale later the same year. More recently, Ondo has been deepening partnerships in the tokenized real-world asset space – including a collaboration with World Liberty Financial, a project supported by former President Donald Trump’s allies, aimed at promoting the use of tokenized assets as treasury reserves. Ondo has also strengthened its regulatory and technical foundation by acquiring U.S.-licensed broker Oasis Pro and blockchain developer Strangelove.

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BNB Chain’s head of business development, Sarah Song, called Ondo’s arrival a strong sign of the network’s growing momentum in real-world asset tokenization – one of the fastest-expanding areas of blockchain innovation.

Despite its success, Ondo has not shied away from questioning industry developments. Earlier this month, the company raised concerns over Nasdaq’s proposal to introduce tokenized equities, suggesting that key details around settlement remain unclear. Nasdaq’s filing with the SEC seeks to enable tokenized versions of traditional stocks while maintaining core investor protections.

Currently, Ondo Finance manages nearly $1.8 billion in total value locked, according to data from DeFiLlama – a figure that reflects both investor confidence and the growing appeal of blockchain-based financial markets.