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Ondo Finance expands tokenization business to Thailand

2026-08-29 00:24:45
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Achieve retail access to the U.S. market through blockchain

Ondo Finance has partnered with KUB Chain's KUB Wallet to extend retail access to tokenized U.S. stocks and ETFs to the Thai market. This is another important measure to promote the connection between traditional capital markets and investors in the Southeast Asian chain.

Through this cooperation, KUB wallet holders will be able to hold on-chain vouchers for some of the world's most liquid stocks through escrow wallets, without the need to open international brokerage accounts or deal with complex cross-border settlement processes.

For non-U.S. investors, this provides them with access to U.S. equity assets, eliminating common obstacles such as international brokerage accounts, currency conversion or settlement delays.

KUB Chain, originally named Bitkub Chain, will be launched in 2021 as Thailand's first blockchain infrastructure. In March 2025, the platform underwent a major rebranding and was officially renamed KUB Chain to enhance its international influence. KUB Wallet is a cryptographic wallet on the Bitkub chain that aims to provide users with convenient access to securely store cryptocurrencies and digital assets.

Ondo expands its distribution network

This Thai transaction is in line with Ondo Finance's macro strategy of distributing its tokenized asset products by partnering with wallet providers and exchanges. Ondo's tokenization platform supports on-chain exposure to publicly traded securities, giving eligible non-U.S. investors access to hundreds of publicly traded U.S. stocks and ETFs.

These tokenized stocks and ETFs are fully backed and collateralized by the corresponding stocks or ETFs and cash in transit.

In recent months, Ondo has also announced similar integrations with other wallet and exchange platforms. KuCoin Web3 has integrated with Ondo Global Markets, said to be the world's largest tokenized stock platform, expanding its asset coverage to include tokenized real-world assets.

KUB Chain's collaboration follows the same model, leveraging Ondo's infrastructure as a bridge between traditional financial markets and retail crypto users.

As of late February 2026, the distributed value of monetized assets on the public blockchain has reached approximately US$25.71 billion, reflecting the continued growth momentum in the real-world asset sector. The collaboration between Ondo and KUB Chain allows both parties to capture this growth share in markets with high blockchain activity in Southeast Asia.

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