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News Explorer — Asset Tokenization Gets Big Credibility Boost from Ethereum ETF Approval: Securitize CEO

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May 24, 6:54 pm
Decrypt

Asset Tokenization Gets Big Credibility Boost from Ethereum ETF Approval: Securitize CEO

The approval of spot Ethereum ETFs has led to a surge in the price of Ondo Finance's governance token, indicating bullish sentiment towards tokenizing assets on Ethereum. Ondo Finance specializes in offering institutional-grade financial products and services and recently moved funds to BlackRock's tokenized BUIDL fund for increased efficiency. The approval of these ETFs affirms Ethereum's regulatory status as a commodity and paves the way for more financial firms to enter the tokenization space.

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