PancakeSwap Joins Ondo FinanceS Global Markets Alliance
PancakeSwap has become the latest member of Ondo Finance’s Global Markets Alliance. This alliance aims to bring real-world assets like stocks and ETFs onto blockchain technology in a standardized and compliant way.
the Global Markets Alliance includes over 30 industry leaders. They work together to create frameworks for tokenized real-world assets (RWAs). these assets include stocks and ETFs. The alliance covers technical standards, custody rules, and regulatory practices.
PancakeSwap is the biggest decentralized exchange (DEX) on BNB Chain. Its role in the alliance is not yet clear. However,it is expected to help with secondary market liquidity. This means it could enable trading pairs and liquidity pools for tokenized assets.
Other members of the alliance include Coingecko, CoinMarketCap, Chainlink, Bitget, 1Inch, Morpho, and Zodia Custody. They all aim to bridge traditional finance and decentralized markets.
For example, 1inch is integrating its swap aggregation and routing infrastructure. This will help with efficient trading and pricing of tokenized RWAs.Centralized platforms like Bitget and MEXC are already listing tokenized U.S. equities.
With PancakeSwap’s involvement, users may soon have easier access to tokenized assets. This could be a significant step in bringing traditional finance into the decentralized world.
