NEAR has entered a partnership with Ondo Finance to integrate tokenized stocks and ETFs directly into the near.com platform. This collaboration allows eligible users to manage traditional financial assets and cryptocurrencies through a single account interface.
The integration utilizes the Ondo Stocks platform, which currently reports a total value locked exceeding $1 billion and a cumulative trading volume surpassing $26 billion. The initial offering features 20 distinct assets, including tokenized US stocks, ETFs, and commodity-linked products.
Users gain access to tokenized shares of companies such as Nvidia, Tesla, and Apple, as well as ETFs like QQQ. Transactions can be executed using assets like USDC and Bitcoin across more than 30 different networks.
The system is powered by NEAR Intents, a technology that manages routing and execution across various networks. This eliminates the need for users to manually bridge assets or manage multiple wallets for their transactions.
The platform also provides confidential execution, which allows specific transactions to be processed without public disclosure of their details. Beyond near.com, Ondo assets are accessible via other protocols and applications integrated with NEAR Intents.
