Ondo Global Markets
Overview

Ondo Global Markets Overview

Introduction

Ondo Global Markets* (Ondo GM) is a tokenization platform designed to bring publicly traded securities onchain. The platform will enable investors outside the US1 to gain onchain exposure to thousands of US publicly traded securities, including stocks, bonds, and ETFs. By providing tokenized exposure to these assets, Ondo Global Markets brings the transparency, efficiency, and accessibility enabled by blockchain technology to institutional-grade finance. Through its APIs and SDKs, the platform also empowers third-party developers to build innovative financial applications, making it a cornerstone for the next generation of financial services.

Key Features

  • Access to Thousands of RWAs: Users will be able to gain exposure to over one thousand high-quality securities listed on the NYSE and NASDAQ, including equity and fixed-income ETFs, plus individual stocks.
  • Global 24/7/365 Access: Ondo GM will be available to participants outside of the US1,2, allowing users from around the globe to get easy access to high-quality RWAs.
  • Instant Minting & Redemption: Up to predefined limits, users will be able to mint and redeem tokenized securities instantly via selected stablecoins and yieldcoins. Subscription and redemption via cash will also be available.
  • Full Liquidity: Ondo GM assets are designed to have the same liquidity as the underlying security, allowing for immediate, low-slippage buying and selling.
  • Built-In Access to Margin: Borrow against tokenized holdings at competitive rates available in traditional markets.
  • Access to 24/7/365 Services, Powered by DeFi: Investors will be able to access a range of DeFi-powered investment services, instantly, 24/7/365. Investors will be able to shop around for the best margin rates, both from traditional and onchain sources of capital.
  • Institutional-Grade Investor Protections: All assets underlying Ondo GM tokens will be held in entities designed to maximize bankruptcy remoteness, and investors will benefit from security interests in such assets. Underlying securities will not be lent out to short sellers unless explicitly approved, and any yield earned on lent securities will be passed to the investor.
  • Freely Transferrable: While users will need to onboard to mint and redeem, tokens will be freely transferable outside the US on secondary markets and usable in DeFi1. There will be no platform lock in: investors will be free to transfer their investments to other wallets or platforms as they’d like.

Solving Key Challenges

Accessibility and Cost

  • The Problem: High fees and barriers limit global access to US securities.
  • The Solution: Ondo GM enables global non-US investors in eligible geographies to access thousands of RWAs with minimal fees using stablecoins, removing traditional cost barriers.

Platform Lock-In

  • The Problem: Switching brokers is slow, expensive, and restrictive.
  • The Solution: Ondo GM tokens are freely transferable outside the US1 , providing a seamless, frictionless investing experience across platforms.

Limited and Costly Margin

  • The Problem: Retail investors face high borrowing costs and are usually ‘locked in’ to using their existing brokerage provider.
  • The Solution: Investors can borrow against their tokenized holdings via DeFi or directly via the Ondo GM platform.

Opaque Investor Protections

  • The Problem: Hidden risks arise from platforms lending securities without investor consent.
  • The Solution: Assets are never lent out without explicit permission, and all yield is passed directly to the investor.

Operational Complexity for Providers

  • The Problem: High regulatory and operational costs limit scalability for brokers and asset managers.
  • The Solution: Ondo GM’s APIs allow brokers to tokenize and manage assets with reduced infrastructure investment, streamlining operations.

Benefits for Stakeholders

  • Retail Investors: Direct, global (non-US) access to US securities with low fees and flexibility akin to stablecoins, including use in DeFi1.
  • Broker-Dealers: Integrate tokenized assets to expand reach, reduce costs, simplify operations, and leverage third-party protocols.
  • Crypto Ecosystem Participants (e.g. wallet, protocols, and exchanges): Offer exposure to high-quality traditional securities historically unavailable in DeFi.
  • Protocol Developers: Build novel financial applications using tokenized RWAs as foundational asset.



*Note: Ondo Global Markets (“GM”) has not launched. GM tokenized assets (“GM Assets”) will be backed by, and redeemable for the U.S. dollar-denominated value of, applicable securities; however, GM Assets and the underlying securities are distinct assets with their own respective performance and risk profiles. Upon launch, GM Assets will not be, and thereafter may not be, registered under the US Securities Act of 1933, as amended ("Act") or pursuant to securities laws of any other jurisdiction. GM Assets shall not be offered, sold or otherwise transferred in the US or to US persons unless registered under the Act or an exemption or exclusion from the registration requirements thereof is available. Upon launch, the issuers of GM Assets will not be, and thereafter may not be, registered as investment companies under the US Investment Company Act of 1940, as amended. Nothing herein constitutes any offer to sell, or any solicitation of an offer to buy, any GM Assets. Acquiring GM Assets will involve risks. A holder of GM Assets may incur losses, including total loss of their purchase price. Past performance will not be an indication of future results. Additional terms and conditions will apply.


1 Subject to certain jurisdictional and other restrictions.
2 The Ondo GM platform itself enables technological implementation of these restrictions.
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