USDY Token Goes Live on BNB Chain, Expanding Ondo's Treasury Reach

The USDY token has been successfully launched on the BNB Chain, expanding the reach of Ondo's Treasury Token. This move comes as a part of Ondo's efforts to increase accessibility and adoption of its tokenized financial markets.

Ondo's Oasis Pro Markets, registered with the SEC as a broker-dealer, recently received regulatory authorizations from FINRA to offer tokenized securities to institutional and retail investors. This development has contributed to the growing demand for tokenized stocks, which reached a record market capitalization of $2.3 billion across various networks including Ethereum, BNB Chain, and Solana.

The partnership between SBI Holdings and Ondo Finance will also tokenize Japanese equities and distribute them through SBI's network. This move is expected to further increase the adoption of tokenized assets.