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Abu Dhabi regulators have approved Ondo Finance to trade tokenized equities on the regulated platform Binance
Svmuu News: The Abu Dhabi Global Market (ADGM) regulator has approved the listing of tokenized stocks and ETFs from Ondo Finance on the regulated trading platform at Binance. The approved products include tokenized versions of Amazon, Alphabet, Apple, Circle, Meta, Microsoft, Nvidia, Tesla, and the Invesco QQQ ETF.This marks the first time Abu Dhabi Global Market has approved the trading of tokenized securities under its regulatory framework, allowing financial institutions, intermediaries, and counterparties in the United Arab Emirates to trade digital stocks. The product is currently available to non-U.S. users.Previously, Ondo Finance had processed over $11 billion in cumulative trading volume within six months, with a total value locked exceeding $600 million.
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