Ondo launches 15 tokenized stocks on Robinhood Chain

Ondo Finance has launched 15 tokenized stocks and exchange-traded funds on Robinhood Chain, with 11 Uniswap pools pairing its tokens with corresponding Robinhood Stock Tokens. The assets can be transferred from Ethereum and BNB Chain through Ondo Bridge, the company said in its October 27 announcement. The 11 Uniswap v4 StablePair pools link tokens representing the same underlying securities. For example, traders can swap Ondo’s Nvidia token for the corresponding Robinhood Stock Token through a dedicated pool. Four other Ondo tokens launched without matching Robinhood tokens or dedicated pools: Robinhood, BitMine, the iShares China Large-Cap ETF and the United States Copper Index Fund. The paired assets include tokens linked to Nvidia, Apple, Tesla, Meta, Alphabet, SpaceX, Strategy, Circle and GameStop, as well as products tracking the S&P 500 through the SPDR S&P 500 ETF and the Nasdaq 100 through Invesco QQQ. The pools are intended to help traders respond to price differences between paired tokens, particularly when traditional equity markets are closed. Uniswap’s StablePair mechanism adjusts liquidity-provider fees as prices move away from an expected relationship. The...