Ondo Finance Expands to Australia with Tokenized Assets Partnership
Ondo Finance has signed an agreement with Openmarkets Group, an Australian financial services provider, to explore bringing its tokenized assets to eligible investors in the country. The partnership will assess pathways for distributing Ondo's products such as USDY and Ondo Stocks into the Australian market, potentially including local securities and infrastructure integration. Openmarkets is already licensed under Australia’s Digital Asset Framework Bill, which streamlines regulatory compliance for digital asset platforms. This positions it to distribute tokenized assets without additional approvals. With over $3.5 billion in total value locked across its products and partnerships with major institutions like BlackRock and J.P. Morgan's Kinexys, Ondo is expanding beyond existing blockchain networks into new markets. The collaboration aligns with Openmarkets' estimate that the global tokenized asset market could reach $22 trillion by 2030. While any resulting products are still subject to regulatory approvals and due diligence, this marks a strategic step in Ondo's Asia-Pacific expansion.
Topics: blockchain financial_services international_markets regulation