PancakeSwap has joined Ondo Finance’s Global Markets Alliance, joining over 30 industry leaders working to standardize and bring tokenized stocks and ETFs on-chain.

Ondo Finance (ONDO) has announced that PancakeSwap, one of the largest DEXs in the DeFi ecosystem, has joined its Global Markets Alliance, a coalition of over 30 leading industry organizations focused on bringing real-world financial assets such as stocks and ETFs on-chain in a standardized and compliant manner.

The Global Markets Alliance, launched by Ondo Finance earlier this year, brings together exchanges, wallets, custodians, and blockchain networks to align on shared standards for tokenized securities — covering technical interoperability, custody frameworks, and regulatory best practices.

Members include major entities, including Coingecko, CoinMarketCap, Chainlink, Bitget, 1Inch, Morpho, and Zodia Custody, among others, that collectively aim to bridge traditional finance and decentralized markets.

PancakeSwap’s role within the Alliance

No specific details have been disclosed yet regarding PancakeSwap’s exact role within the alliance. However, another DEX in the alliance, 1inch, is contributing by integrating its swap aggregation and routing infrastructure to facilitate efficient trading and pricing of tokenized RWAs. At the same time, centralized platforms like Bitget and MEXC have begun listing tokenized U.S. equities directly for their users.

Given PancakeSwap’s position as the largest DEX on BNB Chain, its involvement will likely center on facilitating secondary market liquidity for tokenized assets within DeFi. This could include enabling trading pairs and liquidity pools for tokenized stocks and ETFs, and potentially serving as a gateway for users to access or provide liquidity to tokenized RWAs once they’re live on-chain.