🔥The financial regulatory authority of Abu Dhabi Global Market has approved Ondo Finance to list digital stocks and ETFs on the licensed trading platform of Binance in the UAE.
✔️ This is the first time this model has been approved within the legal framework of ADGM.
The list of assets includes:
• Apple
• Nvidia
• Tesla
• Amazon, Alphabet (Google), Meta, Microsoft
• Some funds like Invesco QQQ and SPDR S&P 500
💬 The products are structured as financial certificates linked to underlying stocks, leveraging liquidity from the New York and Nasdaq exchanges. This helps the price closely track the traditional market and limits large spreads during trading.
💰 Products for investors outside the US. Binance acts as a distributor.
⌛ Previously, Ondo has also been approved by regulators in Liechtenstein for its issuance in Europe.
🔼 The approvals in both Europe and the UAE indicate a growing trend of bringing traditional assets onto regulated digital platforms.
⚡️ This move could expand access to US stocks in the Middle East and promote the connection between traditional finance and digital assets.
📊 Price $ONDO has hardly changed in response to major news in the system, mainly due to the weak token economy and high inflation, hoping for improvement in the upcoming time.
With Ondo currently, if it INCREASES then it is: just a narrative. It still indirectly affects... AE holder note and monitor.
#CreatorpadVN @Binance Vietnam $BNB
