Overview
- BX Digital, operating under a FINMA DLT trading license, agreed to admit more than 100 Ondo Global Markets tokenized stocks and ETFs ahead of its formal market launch.
- Trades are designed to settle via audited smart contracts with delivery‑versus‑payment tied to the Swiss National Bank’s system, typically completing in about 30 minutes and enabling round‑the‑clock access.
- The initial lineup spans tokenized equities and exchange‑traded products, and Ondo says it plans to expand its catalog to over 1,000 assets by the end of 2025.
- Ondo reports its Global Markets platform has reached about $364 million in total value locked since its September launch on Ethereum, with distribution recently extended to BNB Chain.
- Investor protections remain a focus as token holders are not automatically entitled to voting or dividends and industry critics warn these wrappers can introduce counterparty risk compared with traditional brokerage accounts.