Crypto firm Ondo has announced that it will make BitGo shares available in tokenized form across various blockchain networks immediately after BitGo begins trading on the New York Stock Exchange (NYSE). These shares will be accessible on Ethereum, Solana, and BNB Chain, allowing investors to participate in BitGo’s equity through digital assets. BitGo, a renowned cryptocurrency security and digital asset management company, provides secure crypto storage and financial services globally. Its listing on the NYSE is considered a significant milestone for the crypto sector, strengthening the connection between crypto assets and traditional financial markets. Ondo, a blockchain-based financial products provider, aims to promote the integration of crypto and traditional finance through this initiative. Tokenization involves converting traditional stocks into digital tokens on blockchain, enabling faster, transparent, and globally accessible trading. This offers investors greater flexibility and reduces market barriers. While this development advances transparency and regulatory recognition in the crypto market, challenges such as regulatory approval and security remain. Nonetheless, tokenization is poised to play a crucial role in the future growth and integration of financial markets. Following this progress, it is expected that more crypto and financial companies will adopt blockchain-based tokenized shares, accelerating the digitalization of the global financial system.
Source: coindesk
