ONDO eyes $1 as Ondo teams up with BNB Chain to launch tokenized US equities
Main Idea
ONDO aims to reach $1 as Ondo Finance partners with BNB Chain to launch tokenized US equities, expanding access to financial markets onchain.
Key Points
1. Ondo Finance is collaborating with BNB Chain to introduce tokenized US stocks, ETFs, and funds, enhancing onchain financial market access.
2. BNB Chain joins the Global Markets Alliance, a group of top exchanges and wallets, as part of this initiative.
3. ONDO's price is showing potential for growth, with analysts predicting a rise to $1.60, supported by a breakout from a descending triangle pattern.
4. The partnership leverages BNB Chain's ecosystem to provide simpler access to US equities, including shares of companies like Tesla and Apple.
5. Market sentiment and maintaining key support levels will influence ONDO's short-term price trajectory.
Description
Ondo Finance has joined forces with BNB Chain to offer access to more than 100 US-tokenized financial instruments, including mutual funds, ETFs, and top stocks. The move opens doors for a new era where any crypto user can gain exposure to traditional monetary products on-chain. According to Ondo Finance founder and CEO Nathan Allman: Expanding Ondo’s tokenized stocks and ETFs to BNB Chain will mark a major milestone in our mission of bringing financial markets onchain. BNB Chain’s vibrant ecosys...
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