Singapore Digital Securities Exchange 1exchange Explores Listing Ondo Stocks for Accredited Investors in Asia

BlockBeats news, October 8: Singapore-based digital securities exchange 1exchange said today that it is exploring listing opportunities for Ondo Finance's tokenized stock product, Ondo Stocks, targeting eligible investors in Asia. 1exchange is regulated by the Monetary Authority of Singapore (MAS) and focuses on tokenized securities trading.

1exchange stated that the potential listing is still in the exploration stage, and whether it will ultimately be listed depends on due diligence, listing requirements, and other relevant conditions. The company also specifically stated that the mention of Ondo Finance does not imply the latter's endorsement, approval, cooperation, or participation in the matter.

Ondo Finance previously said that institutional investors can convert the relevant stocks into tokenized stocks. If the listing is completed, it may further expand trading channels for tokenized U.S. stocks and other real-world assets among eligible investors in Asia.