A detailed explanation of what Ondo Stocks on @Gate_zh is.

Just yesterday, Gate officially launched the Ondo Stocks section. For users, this not only provides a new entry point for an additional asset class but also represents a new attempt to explore on-chain finance.

What are Ondo Stocks?

Ondo Stocks is an on-chain tokenized stock supported by Ondo Finance. In simple terms, it maps traditional stocks onto the blockchain in the form of tokens, backed by full stock collateral, ensuring transparency. This means that users can purchase on-chain certificates that truly correspond to the actual stock value on Gate.

The benefit of this form is:

1/ 7x24 hour trading, breaking through the time constraints of the traditional US stock market.
2/ You can buy and sell directly with USDT, eliminating the cumbersome processes of cross-border accounts and currency exchange.
3/ Support on-chain free transfer and cross-chain, enabling assets to seamlessly connect with more ecological applications.

The advantages of Gate launching Ondo Stock

1/ Preemptively positioning in the RWA track, RWA is already an industry trend, and Gate has listed Ondo Stocks, which means taking a step ahead in moving traditional financial assets onto the blockchain.

2/ Product safety is transparent, backed by real stock collateral that users can verify. This gives Gate's product line more confidence and helps to earn long-term trust.

3/ User education and new traffic entry. Many users who only trade cryptocurrencies will find it fresh and easy to get started when they first encounter on-chain US stocks, which can bring a wave of new users.

This means that users do not need to open a US stock account and do not need to worry about market opening and closing, allowing them to flexibly manage their investments.

Gate Ondo Stock User Guide

Buying Ondo Stocks on Gate is actually no different from buying spot. As long as you have USDT in your account, you can place an order directly. After the transaction is completed, you will clearly see the corresponding stock tokens on the asset page, making it easy to check at any time.

Currently, Gate supports 26 types of US stocks, covering many well-known companies, such as popular stocks like Tesla and Apple.

Gate's ambition and layout

From stablecoins, RWA to the current Ondo Stocks, Gate has always been at the forefront of on-chain asset diversification. In other words, it is not just an exchange, but it is globalizing investment opportunities. The pattern and ambition behind this is indeed worthy of a thumbs up.

Lastly, don't forget that Gate has also launched the CandyDrop x Ondo special event. By completing tasks, you can participate in sharing 380,000 ONDO tokens. The event runs from September 4th noon to September 17th noon (UTC+8), which is considered an opening celebration for the Ondo Stocks special area~

Event link: