Bring US stocks and ETFs on-chain! Ondo founder Allman: Brokerages are competing to cooperate, BlackRock and Goldman Sachs will participate in governance verification.

During an interview on May 4, Nathan Allman, the founder of the tokenized product agreement Ondo Finance, stated that the tokenization of real assets (RWA Tokenization) has become a major trend in the future of financial markets. He further revealed that traditional institutional giants such as BlackRock, Franklin, and Goldman Sachs have already entered the market, and even U.S. stock brokers have expressed their willingness to cooperate. He mentioned that all assets will move towards instant settlement and borderless circulation in the next 10 years, and he is quite optimistic about the future development of blockchain.
Ondo turns US debt into tokens? Nathan: Making stablecoins earn interest too.
Allman stated that they initially chose "U.S. Treasuries" as the on-chain asset due to its high liquidity and stable interest rates. They designed two products:
OSG: Only open to qualified investors
USDY: Similar to stablecoins, but can earn interest, open for circulation in the secondary market ( must go through KYC )
These products are called interest tokens (Yield Coins), mainly providing a higher-tier stablecoin option compared to USDC and USDT.
Plan to move ETF and US stocks on-chain, breaking the limitations of the global market.
Ondo is currently promoting the "Global Markets" platform, allowing users worldwide to buy US stock ETFs just like they do on online brokerages such as Robinhood or Interactive Brokers, but all of this is done on-chain. Allman emphasized:
No need for a traditional brokerage account.
24/7 settlement, no T+2 delay
Easier cross-border trading, not afraid of holiday order freezes.
(Ondo Finance has launched a tokenized asset trading platform, Ondo Global Markets, reshaping the landscape of traditional financial markets)
Self-built blockchain Ondo Chain requires institutions to be "stable, secure, and regulatory-compliant."
In order to attract institutional participation, Ondo Chain was created:
Using Cosmos technology, equipped with cross-chain governance capabilities.
Node validators need to undergo a review to prevent money laundering and front-running.
Support for minting and redeeming assets on multiple public chains like Ethereum (.
In the future, asset management firms such as BlackRock and Franklin will directly become node validators, participating in governance and verification.
Why not use Ethereum? Because its excessive decentralization makes it unsuitable for RWA.
Regarding why not continue using Ethereum )Ethereum(, Allman said:
"Real-world assets are not the applications that prioritize decentralization the most."
The demand for RWA is stability, compliance, and collaboration with financial institutions, rather than open governance.
He even said that although Ethereum still has TVL, its popularity in the application of RWA has gradually been replaced by other chains.
)Ondo Finance launches Ondo Chain: a full-chain network designed for tokenized asset trading(
DeFi Summer inspiration: one-click asset movement, no binding, fully composable
Allman recalls his experiences during the DeFi Summer of 2020, believing that the "asset liquidity" of that time is the future of finance:
All assets are stored in the wallet, one-click conversion platform.
No lock-up period, no binding contract restrictions.
Complete "composability", freely assemble your own financial strategies.
This kind of freedom should also be granted to traditional assets such as stocks and bonds.
Will regulations be a hindrance? In fact, they are much friendlier now than one might think.
Allman stated that although there is much controversy surrounding the interest issuance of stablecoins, as long as the product is designed correctly, such as classifying it as a "security" rather than a "stablecoin," there is already a reasonable regulatory framework in place. He believes that regulation has become much friendlier now:
The SEC is now encouraging innovation, unlike former chairman Gensler.
Banks and brokerages have turned around their stance, from "forbidding cooperation" to "eagerly seeking cooperation."
The legislation on stablecoins is expected to be released within 4 to 6 months, opening the door to compliance.
Can retail investors also become hedge funds? The biggest benefit of tokenization is the "democratization of finance".
Allman finally emphasized:
"The core of all this is to enable users around the world to enjoy high-end financial services at a low cost."
For example:
The main brokerage services that were previously only available to hedge funds will soon be accessible to everyone.
You don't need 100,000 USD to buy US stocks or do asset allocation.
Breaking the monopoly of financial centers, allowing users from Asia and Africa to fairly participate in the US market.
Allman looks forward to the next 10 years, where all assets will be globally circulated and settled instantly.
Allman is very optimistic about the future. He believes that:
In 10 years, all assets will move towards instant settlement and global circulation.
Financial institutions will shift from opposing to embracing blockchain.
The service threshold gap between retail investors and institutions will gradually disappear.
This article brings US stocks and ETFs onto the chain! Ondo founder Allman: Brokerage firms are vying to cooperate, BlackRock and Goldman Sachs will participate in governance verification. First appeared in Chain News ABMedia. )