The Rollup We Asked an RWA Expert About Asset Tokenization. Here's What We Learned with Ian De Bode
Aug 15, 2025
Ian De Bode, from Ondo Finance, discusses his work on the Ondo Global Markets platform, which aims to tokenize publicly listed stocks and ETFs. He explains how this innovation can enhance global access to US capital markets and revolutionize investing. The conversation dives into the integration of decentralized finance with traditional markets and the potential for asset tokenization to reshape private credit. Ian also shares insights on how key events, like the Trump family's debanking experience, are accelerating institutional interest in this space.
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Why TradFi Launches Private Chains
- TradFi firms build private or semi-private L1s to gain control and integrate 24/7 rails with legacy systems.
- These chains trade permissionless composability for operational control and targeted connectivity to TradFi.
Stablecoin Model Prevents Stock Depegs
- Ondo GM issues tokenized stocks in a stablecoin-like format with instant minting and burning to keep on-chain prices aligned with off-chain markets.
- Instant liquidity and parity with underlying exchanges prevent the depegs seen in previous tokenized stock offerings.
Redeem Tokens For Instant Fiat Liquidity
- Redeem tokenized shares for fiat stablecoins instantly rather than waiting for slow broker-to-broker stock transfers.
- Use tokenized equities for 24/5 liquidity while preserving equivalent economic exposure to the underlying stock.