Armand Khatri

Head of Ecosystem @Ondo | prev @base
Views are my own.

[Armand Khatri @armandkhatri]

Global Markets have truly become GLOBAL.

In the Web 2.0 era, I contributed to empowering billions to leverage the internet's transformative potential.

At @Coinbase and @Base, we laid the foundation for billions to engage with blockchain technology.

Today, at @OndoFinance, we are democratizing access to trillions in tokenized assets through Global Markets on @ethereum, redefining the future of finance.

It's a new day, follow along here...

[Ondo Finance @Ondo]

1/ Wall Street 2.0 is here.

Ondo Global Markets is now live, providing one of the largest-ever selections of tokenized U.S. stocks & ETFs onchain with the liquidity of traditional finance, starting on @Ethereum.

100+ assets now live, with hundreds more on the way.

[Armand Khatri @armandkhatri]

@GabiDev98 @aave @Morpho We can work on that, have a full api suite — I’ll DM

[Armand Khatri @armandkhatri]

gm USA

[Ondo Finance @Ondo]

Ondo Finance’s SEC-registered broker-dealer subsidiary, Oasis Pro Markets, has secured regulatory authorization to offer tokenized equities and funds to U.S. investors under SEC and FINRA oversight.

Hundreds of millions of Americans and tens of thousands of U.S. financial institutions will soon be able to benefit from the 24/7 access, near-instant settlement, and fractional ownership that Ondo has already made available to billions outside the U.S. through tokenization.

Oasis Pro Markets can now offer compliant U.S. access, via OTC retailing, underwritten primary offerings, private placements and other activities, to tokenized:

→ Publicly traded equities, including in IPOs
→ Fund interests such as ETFs
→ Mutual funds and index funds

In addition, Oasis Pro Markets can support omnibus account structures through existing broker-dealer and advisory channels, which will enable institutional investors, registered investment advisors, and retirement accounts to access tokenized securities through their current brokers.

This is a landmark moment for tokenization and for the modernization of U.S. capital markets.

Ondo Finance pioneered the tokenization sector starting with U.S. Treasuries and Treasuries funds. It has continued to lead the way by tokenizing publicly listed U.S. stocks and ETFs issued by Ondo Stocks, which has received regulatory approval across key regions, including the EU, and expanded global access to U.S. capital markets. This led to Ondo Stocks becoming the largest tokenized securities platform, with over $20B in cumulative volume and $1B+ in tokenized stocks TVL, exceeding all other platforms combined.

Ondo brought Wall Street to the world through tokenization. Now, with regulatory approvals for Oasis Pro Markets secured, we’re built to bring tokenization to American investors, institutions, and capital markets.

[Armand Khatri @armandkhatri]

Your execution cost is our opportunity.

[Ondo Finance @Ondo]

Weekend liquidity, at $1M size.

Last weekend, data showed Ondo Stocks had deep liquidity for 16 assets at $1M size, while others couldn't quote or had staggering execution costs.

Real liquidity is what separates 24/7 Ondo Stocks from other platforms:

→ Available every hour, weekends included.
→ Deep enough to execute at institutional size.
→ Not dependent on shallow onchain pools.

On another platform last weekend, a $1M SNDK trade would have cost $999K, a signal of how thin the liquidity was.

[Armand Khatri @armandkhatri]

@outputlayer Bring on the agents!

[Armand Khatri @armandkhatri]

@Route2FI @4484 Ondo solves for liquidity with the JIT model. All holders have the assurance they can mint or redeem in size without slippage concerns that are faced elsewhere.

https://t.co/xGjjJbcGDg

[Ondo Finance @Ondo]

Tokenization goes mainstream by tapping into TradFi.

Ondo's tokenized stock trades execute under 5bps of slippage (compared to market order book prices).

No other platform has demonstrated the same.

❎ PROBLEM: Liquidity pools do not scale

Most tokenized stock platforms operate in isolation from traditional markets, meaning they need to bootstrap onchain liquidity from scratch.

Even with a conservative $1 million pool per asset, supporting all 6,000+ stocks on NYSE and Nasdaq would require more than $6 billion in capital locked per chain.

That's $60 billion across ten chains. And the execution problem remains unsolved.

✅ SOLUTION: Tap into the liquidity that already exists

Ondo Global Markets plugs directly into traditional exchanges like NYSE and Nasdaq, where hundreds of billions change hands every day.

Ondo's tokenized stocks can be bought and sold at scale, with consistent execution and negligible slippage.

➡️ See trades over $150K+ on @gm_alerts.

[Armand Khatri @armandkhatri]

@luigidemeo @Route2FI 👀

[Armand Khatri @armandkhatri]

@Route2FI Yes, multiple venues for Ondo Stocks:
Ethereum:
@Morpho curated by @gauntlet_xyz
@eulerfinance curated by @SentoraHQ

BNB:
@poppiefinance via @okutrade

Solana:
@jup_offerbook via @JupiterExchange

[Armand Khatri @armandkhatri]

@nnevvinn 🧠🧠🧠

[Armand Khatri @armandkhatri]

Largest ADR IPO is US history and we'll have it onchain first!

[Ondo Finance @Ondo]

Tokenized on IPO day.

SK Hynix, the memory giant powering the AI boom, will be listed on Nasdaq and tokenized on day one by Ondo.

Tomorrow: SKHYon.

[Armand Khatri @armandkhatri]

@reserveprotocol @BNBCHAIN @OndoFinance Congrats on the launch!

[Armand Khatri @armandkhatri]

@native_fi Very impressive!

[Armand Khatri @armandkhatri]

The onchain audience is used to commoditized offerings coming in different flavors (eg: blockspace), but not all tokenized stocks are created equally.

[Ondo Finance @Ondo]

The platform you trade on can cost or save you thousands.

For a $100K trade of tokenized CRCL over the weekend, Ondo Global Markets averaged $25.55 in execution costs while others averaged $1,168, a 46x difference.

Real 24/7 trading matters. See the results for yourself 🧵

[Armand Khatri @armandkhatri]

@OndoFinance @Broadridge Progress

[Armand Khatri @armandkhatri]

@OndoFinance @Uniswap Love to see it!

[Armand Khatri @armandkhatri]

@OndoFinance @CoinDesk @PatrickMcHenry Competition is the the American way

[Ondo Finance @Ondo]

Tokenized securities need competition, not gatekeepers.

In a new @CoinDesk op-ed, former House Financial Services Chair & Ondo Vice Chairman @PatrickMcHenry lays out how different tokenization models can compete to make U.S. markets stronger.

Innovation thrives when investors have choices. Tokenized securities should not be treated as a single category.

“Tokenized securities are not one thing. They can and do take different forms, and carry different rights. Treating them all the same will lead to bad policy and worse products for investors and issuers alike.”

He outlines three models taking shape in parallel:

→ Customer-driven tokenization
→ Issuer-sponsored tokenization
→ Market infrastructure tokenization

Each serves a different need and deserves a path.

McHenry chaired the committee that wrote the rules for U.S. capital markets. The regulatory framework now taking shape around tokenization will define the next era of financial markets.

“For years, I argued in Congress that digital asset policy needs clear rules of the road. That remains true. Clarity protects consumers and investors. It also keeps innovation in the United States.”

The conversation in Washington is no longer whether tokenization is coming. It's how the United States leads it.

Clear distinctions over gatekeepers, real competition over single-model mandates, and room for the best ideas to win. That is how American markets have always led, and how they will lead the next chapter of capital markets.

[Armand Khatri @armandkhatri]

24/7 unlike what you've seen before!

[Ondo Finance @Ondo]

Real 24/7 trading for tokenized stocks is here.

In a landmark first for the industry, the most popular Ondo tokenized stocks and ETFs can now be minted & redeemed anytime.

While others have claimed 24/7 trading, this has only ever been for CEX or DEX transfers, with actual minting and redemption limited to traditional market hours. Now, tokenized stocks are truly trading 24/7:

✅ Overnight
✅ Weekends
✅ Public holidays

The first wave of 24/7 assets are SPYon, QQQon, CRCLon, NVDAon, TSLAon, and GOOGLon, with more to follow.

This builds on existing 24/7 permissionless transfers of Ondo tokenized stocks, moving the industry another step closer to the always-on onchain markets that will define the future of global finance.

Live now on Ethereum & BNB Chain, with Solana coming soon.

[Armand Khatri @armandkhatri]

@OndoFinance @lifiprotocol 🤝

[Armand Khatri @armandkhatri]

@LayerZero_Core The tokenized stocks era is here.