just now
Ondo Finance, Clearstream, and 360X have announced a strategic partnership aimed at bridging traditional financial markets with onchain infrastructure built on public, permissionless blockchains.
The collaboration seeks to combine the firms' expertise across the full lifecycle of tokenised securities, encompassing trading, custody, settlement, and collateral management. This will establish a unified framework for these assets within regulated financial infrastructure.
In its initial phase, Ondo's tokenised stocks and ETFs are now accessible on 360X, the regulated digital asset trading venue supported by Deutsche Börse Group. This development allows broker-dealers and institutional investors throughout Europe to trade these assets within a market environment adhering to the EU's stringent regulatory standards. The underlying assets are issued on public, permissionless blockchains, including Ethereum, Solana, and BNB Chain.
The partnership represents a significant step towards integrating digital assets into mainstream finance, particularly for institutional clients. Firms looking to expand their offerings in this evolving landscape often consider robust backend solutions and strong partnerships. Understanding the nuances of Prime Broker vs Prime of Prime models can provide insights into the infrastructure supporting such large-scale integrations.
Subsequently, Ondo tokenised assets will be integrated into the custody, settlement, post-trade infrastructure, and collateral pool of Clearstream, Deutsche Börse Group's post-trade business. This integration is designed to provide institutional investors with access to these products via existing workflows, while also leveraging the inherent advantages of onchain assets.
Ondo also intends to tokenize EU-listed instruments on its Ondo Global Markets platform, with Clearstream providing custody for the underlying assets. Furthermore, Clearstream will make assets it holds in custody, in tokenised form, available to Ondo for distribution to its extensive global client network, excluding the U.S.
As part of the first phase, the initial listing on 360X includes AAPLon, AMZNon, CRCLon, GOOGLon, METAon, MSFTon, NVDAon, TSLAon, SPYon, and QQQon. This marks the largest bulk listing of tokenised securities on 360X to date.
This launch follows Ondo Global Markets' recent regulatory approval to offer tokenised stocks and ETFs across 30 European countries within the EU and EEA. This approval grants over 500 million investors access to regulated, onchain exposure to U.S. markets. This move also highlights the increasing importance of robust regulatory frameworks in the digital asset space, aligning with broader discussions around global crypto regulation.
Together, Ondo, 360X, and Clearstream are advancing the issuance, custody, trading, and collateralisation of tokenised assets across global financial markets. The involvement of major financial institutions like Clearstream, a Deutsche Börse Group entity, underscores the growing institutional appetite for digital assets, moving them closer to the established operations of Tier 1 liquidity providers.
Matthieu de Vergnes, MD, Global Head of Institutional of Ondo Finance
Matthieu de Vergnes, MD, Global Head of Institutional of Ondo Finance commented:
“By collaborating with Clearstream and 360X we're excited to see Ondo Global Markets become part of the core infrastructure underpinning European institutional markets. Having Ondo tokenized assets custodied within Clearstream's network means institutions can access the benefits of onchain securities through the same trusted infrastructure they already rely on. This is a major turning point for the adoption of tokenized securities within regulated markets and enables the largest institutions across Europe to enter the onchain economy.”
Carlo Kölzer, CEO of 360X, 360T and Global Head of FX & Digital Assets at Deutsche Börse Group commented:
“The listing of Ondo's first 10 tokenized stocks and ETFs on our trading venue allows us to broaden the range of digital assets accessible to our clients. This integration utilizes our robust infrastructure enabling participants to trade, settle, and hold onchain assets, while meeting the specific technical and oversight requirements of our institutional participants.”
Jens Hachmeister, Head of Issuer Services & New Digital Markets at Clearstream commented:
“Together with our partners, Clearstream is bridging traditional and digital assets to build a more efficient, future-proof market. By enabling seamless access to tokenized securities in a regulated environment, we are expanding the choices for investors and paving the way for a more integrated financial ecosystem.”
The increasing convergence of traditional finance and digital assets is a critical trend for LiquidityFinder's audience, which includes institutional FX desks, prime brokerages, and fintech providers. As more assets become tokenised and integrated into established financial infrastructure, the demand for sophisticated liquidity solutions and robust regulatory compliance will only grow. This partnership exemplifies the ongoing evolution of financial markets, where efficient onchain solutions are becoming integral to global trading ecosystems.
As the integration of tokenised assets into traditional finance accelerates, explore LiquidityFinder Insight for the latest analysis and market intelligence.
