Trust Wallet, Tokenized Stocks, and Ondo: A New Era for Global Finance?

Trust Wallet dives into tokenized stocks with Ondo, potentially reshaping global access to US securities. Is this the future of finance?

Trust Wallet is making waves by integrating tokenized stocks and ETFs, thanks to a collaboration with Ondo Finance. This move aims to democratize access to U.S. securities for global investors, but what does it really mean for the future of finance?

Tokenized Stocks on Trust Wallet: A Game Changer?

Trust Wallet, a self-custodial crypto wallet owned by Binance, has officially launched tokenized U.S. stocks and ETFs. By partnering with Ondo Finance, a DeFi platform specializing in real-world assets (RWAs), Trust Wallet is offering its users the ability to hold and swap tokenized versions of popular U.S. securities directly within their wallets. No more need for traditional brokers!

Nathan Allman, CEO and founder of Ondo Finance, highlights that this initiative allows global investors to access a wide selection of tokenized U.S. stocks and ETFs on-chain. This mirrors the impact of stablecoins, which brought the U.S. dollar on-chain, and now Ondo is doing the same for U.S. securities.

Ondo Finance: Powering the RWA Revolution

Ondo Finance is playing a crucial role by supplying Trust Wallet with tokenized RWAs, including stocks, ETFs, and bonds. These assets are initially issued on Ethereum and Solana using smart contracts. Meanwhile, 1inch Fusion enhances liquidity and pricing to ensure smooth swaps into RWAs.

According to Trust Wallet’s marketing head, Sami Waittinen, "Ondo brings the assets, 1inch powers the rails, and Trust Wallet makes it accessible in self-custody." This collaboration aligns with Trust Wallet’s mission to promote freedom of ownership and provide secure access to crypto and Web3 opportunities.

The Appeal of Self-Custody and RWAs

By launching RWA support, Trust Wallet is among the first platforms to integrate self-custody with RWAs. Self-custody empowers users to manage their assets independently, free from centralized control. Tokenized RWAs represent digital ownership certificates of real-world properties.

Waittinen notes that tokenized RWAs unlock traditionally gated assets like stocks and ETFs, making them accessible to anyone, anywhere, directly from their wallet. However, it's important to note that RWA tokens are currently unavailable in certain regions, including the United States, the United Kingdom, and the European Economic Area (EEA).

Ondo's Broader Vision: Ondo Global Markets

Ondo Finance is also rolling out Ondo Global Markets, a platform providing non-U.S. investors access to over 100 tokenized U.S. stocks and ETFs on Ethereum. The platform aims to offer 24/7 exposure to U.S. equities for qualified investors in various regions, with plans to expand to over 1,000 tokenized assets by the end of the year.

Ondo Global Markets integrates with crypto wallets, exchanges, and DeFi protocols, utilizing Chainlink oracles for pricing data and LayerZero for cross-chain interoperability. Support for BNB Chain and Solana is also on the horizon.

The Future of Ondo (ONDO)

The launch of Ondo Markets has contributed to a recent rebound in Ondo's price. The platform allows investors to trade American stocks and other assets, joining Ondo's existing tokenized assets like USDY and OUSG, which have already accumulated over $1.5 billion in assets.

Final Thoughts

Trust Wallet's integration of tokenized stocks, powered by Ondo Finance, signals a significant step towards democratizing finance. By combining self-custody with access to real-world assets, they're potentially opening doors to a more inclusive financial future. Will this be the catalyst that propels crypto into mainstream adoption? Only time will tell, but it's definitely a space to watch!