Phemex Exchange Fully Integrates Ondo Finance Tokenized Equity Suite

2 hour ago 7 sources positive

Key takeaways:

  • Phemex's RWA integration signals a strategic push to capture market share from traditional brokerages by leveraging crypto's 24/7 trading.
  • The move pressures other major exchanges to accelerate their own RWA offerings or risk losing users seeking diversified on-chain exposure.
  • Increased accessibility to tokenized equities could drive new capital into crypto from TradFi investors, boosting overall market liquidity.

Phemex, a global cryptocurrency exchange, has announced the complete integration of Ondo Finance's full suite of tokenized equities. This move places the platform at the forefront of the Real-World Asset (RWA) revolution, offering its 10 million users direct access to 14 blue-chip traditional assets in a tokenized format.

The integrated offering includes major technology stocks such as NVIDIA (NVDAon), Tesla (TSLAon), Apple (AAPLon), and Amazon (AMZNon). It also encompasses foundational financial instruments like the Nasdaq 100 ETF (QQQon) and the SPDR S&P 500 ETF (SPYon). This provides a centralized gateway for traders to diversify their portfolios with institutional-grade, on-chain instruments, combining the stability of global equities with the liquidity and efficiency of the digital asset ecosystem.

The strategic initiative underscores Phemex's commitment to accelerating the convergence of Traditional Finance (TradFi) and Web3. By bringing premium global equities into the tokenized economy, the exchange aims to provide users with a unified window across asset classes, enhancing capital efficiency and portfolio diversification. The company believes this paves the way for a more transparent, efficient, and integrated global financial system.

Founded in 2019, Phemex is a user-focused crypto exchange that offers spot and derivatives trading, copy trading, and wealth management products. The integration of Ondo Finance's tokenized equity suite represents a significant expansion of its product offerings, directly aligning with the growing trend of tokenizing real-world assets.

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