Ondo tops $4B and tokenizes Anthropic as tZERO eyes $350M SPAC
By Google News AI ·
Tokenization is moving to the center of Wall Street. On this episode of CoinDesk's Public Keys from the New York Stock Exchange, Jennifer Sanasie is joined by Ondo Finance Global Head of Institutional Matthieu de Vergnes who explains how Ondo became No. 1 on RWA.xyz with more than $4 billion in real-world assets. Plus, he provides a look at how Ondo plans to give global investors access to Anthropic stock on IPO day.
Next, Securitize Chief Operating Officer Billy Miller breaks down the firm's expansion to 25 tokenized U.S. stocks on Solana, including Disney, ExxonMobil and GameStop, and tZERO CEO Alan Konevsky unpacks the firm's plan to go public through a $350 million SPAC deal.
On today's public keys from the New York Stock Exchange, we dive into the future of tokenization with Ono and secure ties. Unpack TZero's plans to go public through a SA deal. I'm Jennai. Let's get into it.Happy Monday everyone on finance now ranks number 1 on RWA.XYZ with more than $4 billion in total real world asset value, spending treasuries and over 430 tokenized US stocks and ETFs.
Matt on those global head of institutional joins us now to unpack the numbers. Hello, good to see you in New York.Last time we saw each other was at Korea Blockchain Week. Now we're talking about this news, lots of news to unpack. Talk to me about what this milestone means for Hondo. Yes,
it's a very exciting milestone for us. It's one we've been working on for a couple of years to become the largest tokenization platform globally in terms of assets, and it's really a story of growth.If you look at a year ago, we were about half the assets we have today, so we've doubled in terms of assets on chain. Our users have growth at even a faster pace.
We have over 1 million cumulative users on chain today, so it's really about how do we continue on that growth momentum, and we view it as really the beginning.If you look at tokenized real world assets on chain today, that's about $40 billion. If you look at traditional public equities, public fixed income, that's over $300 trillion.
So there's a lot more to do, but we're very excited to be the leaders and to lead our industry towards this vision of bringing all the benefits of being on chain to traditional capital pools.
Talk to me about what's contributing to the growth. Talk to me.A bit about the user profile. What kind of real world assets are we talking about here? Where's the bulk of the attention? Sure,
so I think we're really Ono has focused on is where is there a value proposition and demand to bringing assets on chain.
I think our industry historically has focused a lot on supply and how you bring assets on chain and a bit less on where the demand is and how do you drive growth from demand.So we focused on demand and we focused on one core piece to start with is accessibility and how by bringing some assets on chain with the same liquidity and same quality of execution he has on traditional markets you can give access to those
instruments to investors who don't have today.
So specifically, if you look at treasuries, if you look at stocks, if you look at ETFs where we have focused primarily.You will see that there's a lot of investors globally if you're outside the US for whom access to those is actually limited. It can be limited because it's intermediated, so the fees are higher.
It can be limited because it's restricted to only certain types of investors, and it's limited because if you're living in Asia, your time zone…
Originally published by Google News AI
