Ondo Launches 15 Tokenized Stocks on Robinhood Chain

Ondo has announced that 15 tokenized stocks and ETFs are now live on the Robinhood Chain, with 11 of them available for trading in the StablePair liquidity pool on Uniswap v4. The related pools allow traders to directly exchange between Ondo Stocks and Robinhood Stock Tokens tracking the same underlying assets, while liquidity providers can earn fees by supplying liquidity. Ondo stated that its tokenized stocks support 24/7 minting and redemption, providing traders with an additional source of liquidity, exit channels, and arbitrage opportunities during the weekend when minting and redemption of Robinhood Stock Tokens are paused, helping to narrow the price discrepancies between on-chain prices and the prices of the underlying assets. The 15 assets launched also include four assets without corresponding Robinhood Stock Tokens, such as Robinhood (HOODon), iShares China Large-Cap ETF (FXIon), BitMine (BMNRon), and the US Copper Index Fund (CPERon). Ondo Stocks can be bridged across the Robinhood Chain and BNB Chain or Ethereum via Ondo Bridge, allowing minting and redemption on the latter two.

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