Decentralised finance specialist Ondo Finance, Clearstream, and digital asset trading venue 360X have announced a partnership to form a unified framework for tokenised assets within regulated financial infrastructure.
The firms will combine their expertise to serve the full lifecycle of tokenised securities, covering trading, custody, settlement, and collateral management.
As a part of the first phase, Ondo tokenised stocks and exchange-traded funds (ETFs) are now live on 360X. The listing includes AAPLon, AMZNon, CRCLon, GOOGLon, METAon, MSFTon, NVDAon, TSLAon, SPYon, and QQQon, making it the largest bulk listing of tokenised securities on the venue to date.
The assets are issued on public, permissionless blockchains such as Ethereum, Solana, and BNB Chain. European broker-dealers and institutional investors can now trade these assets within a market environment that meets regulatory standards.
In the next phase, Ondo tokenised assets will be integrated into Clearstream for custody, settlement, and collateralisation, allowing institutional investors to access these products in a manner similar to their existing workflows.
Plans are in place for Ondo to tokenise EU-listed instruments on Ondo Global Markets – the firm’s issuance and redemption platform for tokenised stocks and ETFs – with Clearstream providing custody for the underlying assets. Simultaneously, Clearstream will make the tokenised assets it holds in custody available to Ondo for distribution to global clients.
Matthieu de Vergnes, managing director and global head of Institutional at Ondo Finance describes the partnership as a “turning point for the adoption of tokenised securities within regulated markets” that will enable the largest institutions across Europe to enter the onchain economy.
