Ondo Brings Tokenized Stock Swaps Into Ledger Wallets via 1inch
— By Whatsertrade in DeFi
Ondo Finance now offers native, in-app swaps for tokenized US stocks and ETFs directly within Ledger Wallets, leveraging 1inch Fusion.
Ondo Finance has integrated native, in-app swaps for its tokenized US stocks and ETFs directly into Ledger Wallet, enabling users in eligible regions to trade tokenized equities on-chain.
Seamless Tokenized Asset Swaps
The new integration allows users to swap between tokenized equities, such as tokenized Nvidia shares and a tokenized S&P 500 ETF, directly within their Ledger Wallet. This functionality is available to users in eligible regions, including Singapore and Germany.
Leveraging 1inch Fusion for Efficiency
Ondo Finance utilizes 1inch Fusion to route these swaps across various liquidity sources, aiming to secure optimal pricing for users. This mechanism facilitates on-chain settlement in minutes, a significant improvement over the traditional T+1 settlement cycle for equities.
Rapid Growth in Tokenized Real-World Assets
Ondo Global Markets has demonstrated substantial growth, surpassing 1 billion dollars in total value locked (TVL) in under eight months. The platform has also recorded cumulative trading volume exceeding 18 billion dollars, highlighting increasing interest in tokenized real-world assets (RWAs). DEXTools users can track the performance of relevant tokens and markets.
Impact on DeFi and Traditional Finance
This integration marks a notable step in bridging traditional finance with decentralized finance (DeFi). By enabling direct, efficient trading of tokenized securities within a self-custody wallet, it enhances accessibility and liquidity for a broader range of investors.
Reported by Ledger, Ondo, and Crypto Briefing.
Frequently Asked Questions
What is Ondo Finance's new integration with Ledger Wallet?
Ondo Finance has enabled native, in-app swaps for its tokenized US stocks and ETFs directly inside Ledger Wallet, allowing users to trade these assets on-chain.
Which regions can access this new feature?
Users in eligible regions such as Singapore and Germany can now swap between tokenized equities using this integration.
How does Ondo Finance ensure optimal pricing for swaps?
The integration utilizes 1inch Fusion to route swaps across various liquidity sources, aiming for optimal pricing and efficient execution.
What is the current scale of Ondo Global Markets?
Ondo Global Markets has achieved over 1 billion dollars in total value locked in under eight months, with cumulative trading volume exceeding 18 billion dollars.