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Bitget and Bitget Wallet launch US stock tokens supported by Ondo
2days ago

Odaily Planet Daily News: Bitget and Bitget Wallet announced that they have supported hundreds of RWA US stock tokens through the integration of Ondo Finance. These tokens can now be traded through Bitget on-chain transactions (Onchain) and the RWA section of Bitget Wallet.

Supported assets include stocks of well-known companies such as Apple, Tesla, Microsoft, Amazon, and Nvidia, as well as mainstream index funds issued by Ondo Finance. All assets are held in custody by a regulated US custodian. Tokens reflect the price fluctuations and dividend income of the underlying assets. The minimum investment threshold is $1. All assets are denominated in US dollars and trading is supported 24/7.

It is reported that, unlike other on-chain US stock trading platforms, stock trading in Bitget Wallet follows the principle of decentralization and adopts the KYB model, allowing users to trade directly without going through the KYC process.

Gracy Chen, CEO of Bitget, said: "We are delighted to be the first platform to support direct trading of hundreds of RWA US stock assets through CEX assets. Bitget has always been committed to building a bridge between traditional finance and decentralized finance. This simultaneous support of RWA assets through both the exchange and Web 3 wallet will introduce high-quality global investment targets into the crypto ecosystem, allowing users to participate in it with a lower threshold and smoother way. This is highly consistent with our vision of 'future finance'."