Ondo, Revamping Prime Brokerage on Chain

Ondo continues its aim to rebuild prime brokerage on the blockchain. As its first step in this area, the company is focusing on perpetual contracts. It is currently one of the leading issuers in the sector, with $2 billion worth of tokenized U.S. Treasury bonds.

The Global Markets platform developed for tokenized stocks and exchange-traded funds has reached a total value locked (TVL) level of approximately $600 million, securing a 60% market share in this niche, according to Ian De Bode, highlighting Ondo's growth strategies.

In addition, Ondo emphasized its partnerships with giants like Mastercard and JPMorgan, which are significant players in traditional finance.