OKX, a leading global centralized cryptocurrency exchange (CEX) and Web3 technology company, has disclosed its strategic partnership with Ondo Finance, a prominent blockchain-based Real-World Asset (RWA) tokenization platform that connects traditional finance (TradFi) and decentralized finance (DeFi). The basic purpose of this collaboration is to expand tokenized US-listed stocks to its CeDeFi customers in eligible jurisdictions.
This integration is very beneficial for customers by providing direct on-chain exposure to hundreds of tokenized stocks, such as Apple, NVIDIA, and Tesla, from the same account they already use to trade crypto. Moreover, this step reduces customers’ need to manage isolated wallets, seed phrases, or to connect funds between networks. This is the starting point where customers are being facilitated access to the most famous assets.
OKX Redefines Trading with On-Chain RWAs and Equity Perpetual
OKX has been serving as a crypto exchange for a long time, even over a decade ago, and now this effort includes tokenized markets across many asset classes, instead of being confined only to exchange status for crypto tokens like Bitcoin ($BTC) and Ethereum ($ETH). This is the latest technology for OKX’s customers to access anything on-chain instantly, easily, and protectively. Real-world assets (RWAs) are also included in this system.
The perspective of seeing RWAs is now more versatile and accessible than previously, not only as a traditional asset after migrating to on-chain markets. This equity perpetuals lineup for eligible customers includes five new contracts, such as iShares MSCI USA Quality Factor ETF (USAR), Costco (COST), Eli Lilly (LLY/USDT), Hims & Hers Health (HIMS), and Benitec Biopharma (BMNR).
OKX Redefines Access to Pre-IPO Markets
Separately to the Ondo partnership, OKX is also is unveiling new opportunities for the expansion of tokenized stocks. The most-watched companies in the world are still private, yet remain inaccessible to all but the privileged few. OKX announced that it will soon list contracts that offer customers exposure to tokenized contracts for pre-IPO companies like Anthropic, OpenAI, and SpaceX.
