Ondo Finance launches Ondo Private Markets platform to tokenize equity returns of private companies

Ondo Finance launches the Ondo Private Markets platform, which introduces private company equity returns into on chain trading through tokenized bills. Token earnings are linked to the per share value of related companies in liquidity events such as IPOs, and support their use in the DeFi ecosystem. About 87% of companies with revenue exceeding $100 million in the United States are still non publicly traded. (Source: prnewswire)