Ondo Finance Sources Stock Token Liquidity from Nasdaq and NYSE

The company confirms that its tokenized stocks are backed by custodied shares, using a reserve model similar to stablecoins.

ONDO

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Terms & Concepts
  • AMM (Automated Market Maker): A decentralized exchange protocol that uses algorithms to price and execute trades without traditional order books.
  • Stablecoin: A cryptocurrency pegged to a stable asset, such as the U.S. dollar, to reduce price volatility.
  • Stock Tokenization: The process of representing ownership of stocks as digital tokens on a blockchain.