Binance Becomes Largest Tokenized Stocks Exchange, Post Says

A brief post says Binance surpassed Kraken with more than $100 million in TVL (total value locked) and $1 billion in volume from Ondo tokenized assets.

ONDO

Summary

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Terms & Concepts
  • TVL: Total value locked, a metric showing the value of assets deposited in a platform or protocol.
  • Tokenized stocks: Blockchain-based representations of stock exposure designed to mirror the value of underlying equities.
  • Ondo tokenized assets: Digital asset products associated with Ondo, a crypto firm focused on bringing real-world financial assets onchain.