Phemex Integrates Tokenized Equities with Ondo Finance

Phemex, a leading cryptocurrency exchange, has made a significant move in the world of decentralized finance (DeFi) by integrating Ondo Finance's tokenized equity suite. This integration allows Phemex's 10 million users to access a wide range of tokenized assets, including stocks from major companies like NVIDIA and Tesla.

The tokenized equities and exchange-traded funds (ETFs) offered by Ondo Finance are designed to provide exposure to traditional market benchmarks, such as the Nasdaq 100 and S&P 500. This allows users to diversify their portfolios and gain access to a wider range of investment opportunities.

Phemex's integration of Ondo Finance's tokenized equity suite is part of its broader strategy to accelerate the convergence between traditional finance and Web3. By providing a centralized gateway to institutional-grade instruments, Phemex aims to make it easier for users to manage their positions and rotate risk when markets shift.