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For many years, I have been paying attention to the field of on-chain stocks (Tokenized Stocks). Among all RWA (real-world assets on-chain) segments, on-chain stocks are the closest to traditional investment logic and the easiest to understand and accept. Its logic is simple: Let traditional stocks, ETFs, bonds and other financial assets achieve higher liquidity, transparency and composability through blockchain tokenization. This is not a speculation concept, but a reconstruction of traditional financial infrastructure. 1. Track acceleration: from StableStock to Ondo In the past two months, the tokenized stock track has obviously accelerated. Last month, StableStock partnered with Native to issue tens of millions of tokenized stock assets on BNB Chain. And this month, another heavyweight player appears on the scene - OndoFinance has landed on BNB Chain.  2. Why is Ondo’s action significant? Ondo is an institutional-level RWA platform founded by a former Goldman Sachs team. Its goal is to introduce bonds, ETFs, US stocks and other assets in traditional financial markets into the chain in a compliant and transparent manner. The reason why I pay attention to Ondo is that its execution and data performance in the RWA field are very outstanding. Since launching Ondo Global Markets in September: * The total value locked (TVL) exceeded US$350 million； * The total transaction volume on the chain exceeded 669 million US dollars； * Products cover U.S. stocks, bonds, short-term income assets and other directions. These numbers are enough to show that the real demand for on-chain assets is rising rapidly. 3. Why BNB Chain? I think it is a very smart decision for Ondo to choose to log in to BNB Chain at this time. BNB Chain has 3 million daily active users, and the user structure is more biased toward the retail side. Many of the new generation of crypto users come directly through the Binance ecosystem and are not familiar with the high gas costs and complex operations of the ETH main network. In the past, when I tried Ondo on the Ethereum mainnet, the gas fee of dozens of dollars per transaction, the long confirmation time, and the limited TPS made many potential users "discourage" because it was too expensive and not cost-effective. But on BNB Chain, Ondo's tokenized stocks can be traded directly on DEXs such as PancakeSwap, with almost zero threshold, low latency, and low cost, which means that it truly has "retail-level usability" for the first time. For ordinary users like us, stocks on the chain have become within reach and we can access them.； For institutions and large investors, transactions worth hundreds of thousands of dollars can be easily completed. 4. The significance of ecology: strong alliance This integration is not only an expansion of Ondo, but also a key puzzle piece for BNB Chain in the RWA ecological strategic layout. With the addition of Ondo, BNB Chain's RWA ecological level will be more complete: Users can now, within the familiar PancakeSwap environment, Direct access to more than 100 tokenized US stocks and ETFs, Behind these assets are real custody and regulatory framework support. Closed-loop upgrade from traffic to assets, very nice 5. New stage of RWA On-chain stocks are just the starting point for the explosion of the RWA market. As various projects come to fruition, we will see more. * Composable DeFi financial products * Income derivative assets "tradable commodities"」 * and a more complete on-chain compliance system From calling "assets on the chain" in 2018 to now being able to actually "trade assets on the chain", we have finally seen a more mature and pragmatic era of RWA. Ondo's landing on BNB Chain is not only a technology migration, but also a reconstruction of financial experience. On-chain finance is no longer a “geek game”; Rather, it is gradually moving towards the entrance to the mainstream world. The story of RWA has just begun. And on-chain stocks may be the first mature form of that revolution. I’m even more looking forward to the future Crypto World. -I am Yunshan, a young man who is exploring the crypto world and a person who is determined to carve out his own sky in the crypto world. |
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