Franklin Templeton backs Ondo to bring around-the-clock stock trading to blockchain
Franklin Templeton, a major investment firm managing 1.7 trillion dollars, is partnering with Ondo to enable 24/7 stock trading on the blockchain. Currently, traditional stock markets only operate during business hours on weekdays. By moving stock trading to blockchain infrastructure, the partnership aims to let investors trade stocks at any time, even nights and weekends. This represents a significant step toward integrating traditional financial markets with blockchain technology. Ondo is a decentralized finance platform that tokenizes real-world assets, turning stocks and bonds into digital tokens that can be traded on blockchain networks. This deal shows how major traditional finance institutions are increasingly using blockchain for core financial services.
Why it matters
This means traditional investors and everyday people could eventually trade stocks whenever they want instead of waiting for market hours. It's a bridge bringing Wall Street's biggest players into blockchain.
