NEAR Integrates Tokenized Stocks via Ondo Finance Partnership

NEAR, a decentralized platform for financial transactions, has partnered with Ondo Finance to offer users access to tokenized U.S. stocks and ETFs. This integration will allow eligible users to purchase and hold 20 tokenized assets, including Tesla, Nvidia, Apple, Microsoft, Amazon, QQQ, SLV, and IAU, among others.

According to the announcement, more than 30 connected blockchains can route supported crypto assets into Ondo Stocks through NEAR Intents. This means that users holding assets on one of these networks can request a tokenized security without manually completing every transfer involved in the transaction.

The integration will also enable users to purchase tokens with supported assets already held in their near.com accounts, including Bitcoin and USDC. This removes the need for users to first move their assets to a traditional brokerage account.