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MEXC expands tokenized stock offerings with new Ondo Finance listings

The Cointelegraph β€‹

Cryptocoins News / The Cointelegraph β€‹ 147 Views

MEXC expands tokenized stock offerings with new Ondo Finance listings

The crypto exchange added 17 tokenized stock pairs and seven defense and energy equities through its partnership with Ondo Finance.

Crypto exchange MEXC has expanded its tokenized equities offering through its partnership with Ondo Finance, listing new onchain representations of US stocks that trade against Tether on its platform.

According to company announcements this week, the expansion includes 17 newly listed tokenized stock pairs and seven additional tokens tied to US defense and energy companies.

The tokens are issued as ERC-20 assets on Ethereum and trade against Tether (USDT) pairs on the exchange. The underlying shares are held in regulated trust accounts and subject to quarterly third-party audits, with the tokens designed to represent ownership of the corresponding underlying equities.

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