Near.com Adds Ondo's Tokenized Stocks With Confidential Trade Execution
Near.com began offering Ondo Finance’s tokenized U.S. stocks and ETFs on Tuesday, according to The Defiant. Users can buy the tokens with crypto held across more than 30 networks, and the companies said the trades are not broadcast publicly. The tokenized products are not available to U.S. persons or to users in Canada, The Defiant reported.
Separately, Arch Lending is looking to expand into tokenized equities as onchain stocks gain traction as loan collateral, the lender’s Himanshu Sahay said on Cointelegraph’s Chain Reaction podcast. Sahay did not give a timeline for the move, according to Cointelegraph.
The launches come as traditional equity benchmarks trade near records: the S&P 500 closed marginally lower but remained just The S&P 500 closed marginally lower Tuesday, but the index is just 0.7% off from its all-time high.
off its all-time high, while oil prices fell for a fifth straight day, CNBC reported.
Sources: The Defiant, Cointelegraph, CNBC
This article is for information only and is not financial advice.
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