Ondo Finance Secures Abu Dhabi Approval for Tokenized Apple, Nvidia, and Tesla Shares

• Ondo Finance secured Abu Dhabi approval to list tokenized Apple, Nvidia, and Tesla shares on Binance’s ADGM-regulated MTF.
• ADGM’s FSRA cleared the first tokenized equities for regulated trading by UAE-based institutions and intermediaries.

Ondo Finance has received regulatory approval in Abu Dhabi and can now offer tokenized shares of major U.S. companies. Abu Dhabi Financial Services Regulatory Authority granted the authorization, allowing digital securities to trade on Binance’s Multilateral Trading Facility.

The approval covers tokenized versions of equities and exchange-traded funds structured by Ondo Global Markets. Among the instruments admitted for trading are tokenized shares of Apple, Nvidia, Tesla, Amazon, Alphabet, Meta Platforms, Microsoft, and Circle, as well as tokenized units of the Invesco QQQ ETF and the SPDR S&P 500 ETF Trust. These products are available to non-U.S. users through Binance’s regulated platform.

This marks the first time the Abu Dhabi Global Market framework has permitted trading in tokenized securities on a regulated multilateral facility. As a result, financial institutions, intermediaries, and counterparties based in the United Arab Emirates can engage with digital representations of publicly traded equities within an established regulatory structure.

Additionally, late last month, CNF reported that Ondo Finance expanded access to its tokenized equities through new exchange listings targeting non-U.S. users. The move followed growing institutional participation in blockchain-based representations of publicly traded shares.

Ondo Finance Expands Regulated Trading of Tokenized Equities

The Multilateral Trading Facility on which the securities are listed operates under the oversight of the Financial Services Regulatory Authority. With this clearance, Binance can provide a venue for tokenized equity trading under local supervision, several years after discontinuing a tokenized stock initiative in Europe following regulatory scrutiny.

Ondo structures its tokenized products as equity-linked notes tied to underlying shares. This model enables the digital instruments to reflect the performance of the referenced securities while operating within securities law frameworks. The company reported that since launching its digital securities offering less than six months ago, it has processed more than $11 billion in cumulative trading volume and reached over $600 million in total value locked.

In addition to the Abu Dhabi authorization, Ondo previously secured approval of its base securities prospectus in the European Union. We reported that the clearance allows the public distribution of its digital securities across the EU and the European Economic Area through passporting arrangements. 

The broader market for tokenized equities has expanded as exchanges and financial institutions explore blockchain-based representations of traditional assets. Data from industry trackers place the total value of tokenized stocks at more than $1 billion. 

Binance’s latest listing of Ondo’s digital securities on its regulated platform follows the earlier introduction of the products on its Alpha platform, which focuses on early-stage digital assets.

In addition, in February, Ondo Finance introduced Ondo Perps that trade 24/7 perpetual futures on U.S. stocks, ETFs, and commodities. We described how the platform allows leverage of up to 20x and utilizes tokenized security as collateral.

At the time of reporting, ONDO was trading at $0.2683, up 7.34% over the past 24 hours, with a market capitalization of $1.3 billion.