Ondo Global Markets (Ondo GM) tokenizes publicly-traded U.S. stocks and ETFs as ERC-20 assets, allowing investors outside the United States to mint, transfer, and redeem equity-backed tokens on Ethereum and Ondo Chain. Each token represents direct exposure to the underlying asset, held with a regulated custodian through a licensed broker-dealer.
To support integration across the ecosystem, Ondo GM offers a suite of APIs designed for infrastructure providers such as wallets, exchanges, and fintech applications. These APIs support:
- Mint and redeem attestations for issuing and retiring these assets
- Real-time and historical price data for each tokenized security
- OHLC (Open, High, Low, Close) data to support charting, analytics, and historical views
- User historical activity data for integrating directly into frontends and dashboards
Smart contracts onchain handle the core logic for issuance, settlement, and authorized transfers, while the API layer provides high-performance access to essential pricing, trading, and token lifecycle data.
In general, here's the user flow for Ondo GM, using $TSLA as an example:
Minting Process:
- Primary Purchaser initiates Buy Order
- Primary Purchaser requests a mint attestation from Ondo GM API
- Primary Purchaser passes the attestation and USDC to the Smart Contract to mint TSLAon
- Issuer's Brokerage Partner receives USDC and delivers TSLA to Issuer's Brokerage Account
Redeeming Process:
- Token Redeemer initiates Sell Order
- Token Redeemer requests a redeem attestation from Ondo GM API
- Token Redeemer passes the attestation and TSLAon to the Smart Contract to redeem for USDC
- Brokerage Partner receives TSLA and delivers USDC to Issuer's Brokerage Account