Crypto: Metamask Adds Tokenized Us Stocks, Etfs, Commodities Via Ondo
The rollout provides access to tokenized US stocks, ETFs and commodities through Ondo GM tokens for non-US users on Ethereum, excluding 30 jurisdictions at launch.
MetaMask, the self-custodial crypto wallet developed by Ethereum software company Consensys, is rolling out access to tokenized US stocks, exchange-traded funds and commodities through Ondo Global Markets.
Starting Tuesday, eligible MetaMask users in non-US countries will be able to access 200 tokenized US stocks, ETFs and commodities such as gold and silver on Ethereum network, the company said in a statement shared with Cointelegraph.
The offering allows users to acquire tokenized assets via MetaMask Swaps by swapping Circle’s USDC (USDC) stablecoin into Ondo Global Markets (GM) tokens, which are designed to track the value of their underlying assets on a 1:1 basis.
Ondo Finance has previously drawn attention for its collaboration with World Liberty Financial (WLFI), a crypto project backed by US President Donald Trump. Ondo’s native token, ONDO, has fallen about 80% over the past year, according to CoinGecko data.
MetaMask’s tokenized assets offering will be initially available exclusively on MetaMask mobile, with desktop integration coming by the end of February with a browser extension, a spokesperson for Consensys told Cointelegraph.
“Access to US markets still runs through legacy rails,” said Joe Lubin, Ethereum co-founder and Consensys CEO, highlighting fragmented apps and rigid trading windows in traditional markets.
“Bringing Ondo’s tokenized US stocks and ETFs directly into MetaMask shows what a better model looks like,” Lubin said, adding:
In line with Ondo’s stated focus on offering tokenized assets primarily to non-US investors, MetaMask’s rollout will exclude users in the US as well as a number of other markets.
The offering will be inaccessible in 30 countries and regions, including Canada, the European Economic Area and the United Kingdom.
Source: CoinTelegraph
