Ondo's tokenization of U.S. stocks was the last major product launch by founder Allman before his passing, and the core customers are Chinese. On September 3, 2025, Ondo Finance launched over 100 tokenized U.S. stocks and ETFs on Ethereum. The Ondo Global Markets platform opened to qualified users in Asia-Pacific, Africa, and Latin America, with plans to expand to 1,000 assets by the end of the year and add support for BNB Chain and Solana. The primary collaborators are Chinese-led projects. From supporting BNB Chain to partnerships with Trust Wallet, Binance Wallet, Bitget Wallet, Gate, and others, the main target audience is in Asia, especially Chinese investors. At the time of integrating BNB Chain, Allman himself said: "BNB Chain has one of the largest and most active global user bases in Web3… this allows us to bring tokenized U.S. stocks to Asian users." Ondo turned "what Americans can't buy, but non-Americans can" into a business model—and made it work. Although there are still many imperfections, it doesn't take away from the fact that this is an incredible innovation. RIP.