KEY TAKEAWAYS
- The Global Markets Alliance has been formed to standardize and promote interoperability for tokenized securities, involving key players like Solana Foundation and BitGo.
- Ondo Finance plans to launch a platform offering tokenized access to U.S. securities, enhancing global retail and institutional access to real-world assets.
- Alliance members like Bitget Wallet and Fireblocks contribute by integrating secure custody solutions and facilitating programmatic access to tokenized assets.
- Leaders from the alliance emphasize the transformative potential of tokenized securities in bridging crypto and traditional financial markets.
The formation of the Global Markets Alliance, a collaborative initiative aimed at aligning industry standards and promoting interoperability for tokenized securities, was announced here. This coalition brings together a group of influential wallets, exchanges, and custodians, including the Solana Foundation, Bitget Wallet, Jupiter, Trust Wallet, Rainbow Wallet, BitGo, Fireblocks, 1inch, and Alpaca.
The alliance seeks to shape best practices and standards for tokenized securities, focusing on interoperability, investor protections, liquidity, and composability. These efforts aim to streamline user access to tokenized real-world assets (RWAs).
Ondo Finance’s Role in the Alliance
The announcement comes ahead of Ondo Finance’s plans to launch Ondo Global Markets, a tokenization platform designed to offer seamless, native exposure to U.S. publicly traded securities, such as stocks, ETFs, and mutual funds, to users outside the U.S. The consortium aims to expand access to tokenized securities, empowering millions of retail and institutional users globally with onchain RWA exposure.
Nathan Allman, CEO of Ondo Finance, emphasized the importance of standardization in unlocking the potential of tokenized securities. He noted that Ondo Finance’s blockchain-native infrastructure would enable wallets, exchanges, and other partners to offer both crypto and traditional financial products side by side.
Contributions from Alliance Members
The Global Markets Alliance aims to establish shared technical and compliance standards for providing tokenized access to public securities. It also seeks to facilitate interoperability across wallets, exchanges, protocols, and custodial services, enhancing accessibility and liquidity for global investors interested in tokenized RWAs.
Each partner in the alliance contributes uniquely. Bitget Wallet, Trust Wallet, and Rainbow Wallet will integrate Ondo’s tokenized asset standards, supporting secure self-custody and simplified onchain access. Jupiter and 1inch will enable simplified programmatic access for wallets and integrators to onchain RWAs with deep liquidity.
BitGo will provide institutional-grade, regulated qualified custody solutions across multiple jurisdictions, focusing on enabling trading with off-exchange settlement to mitigate risk. Fireblocks will offer secure, MPC-based wallet infrastructure to support fast, flexible institutional trading workflows. Alpaca will provide brokerage infrastructure and unique capabilities tailored to tokenized securities.
Leaders from various alliance members have expressed their views on the initiative. Eowyn Chen, CEO of Trust Wallet, described tokenized securities as a bridge between today’s crypto users and a future of secure, direct access to real-world opportunities. Jamie Elkaleh, CMO of Bitget Wallet, highlighted the commitment to making secure, self-custodial access to real-world assets. Kash Dhanda, COO of Jupiter, emphasized the goal of making trading accessible to everyone with an internet connection.
Michael Shaulov, CEO and Co-founder of Fireblocks, and Chen Fang, CRO of BitGo, both underscored the transformative potential of tokenized securities in bringing efficiency, transparency, and programmability to traditional financial assets.
Why This Matters: Impact, Industry Trends & Expert Insights
The Global Markets Alliance has been formed to standardize tokenized securities, bringing together major industry players to enhance interoperability and investor protections. This initiative aims to streamline access to tokenized real-world assets, potentially transforming the financial landscape.
Recent industry reports indicate that tokenized securities are experiencing significant growth, driven by increased institutional interest and technological advancements. This aligns with the Global Markets Alliance’s goal to expand access to tokenized securities, leveraging these trends to enhance market adoption.
As per insights from a Zoniqx report, the tokenization of financial assets like bonds and stocks is gaining traction due to increased liquidity and operational efficiency. This supports the alliance’s efforts to enhance the accessibility and appeal of tokenized securities to a global audience.
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