MEDIA RELEASE
14 September 2026
Openmarkets Group (Openmarkets) and Ondo Finance (Ondo) have signed a memorandum of understanding to explore bringing Ondo’s institutional-grade tokenised financial products to eligible Australian investors and developing new tokenised products for the Australian market. The collaboration brings together Ondo’s global tokenisation capabilities and Openmarkets’ local market expertise and financial infrastructure.
Together, the companies will initially focus on two workstreams:
- Australian distribution: assessing pathways for Openmarkets to distribute selected Ondo products to eligible Australian investors, subject to applicable regulatory requirements and approvals.
- Australian product development: exploring tokenised products and market infrastructure tailored to Australia, potentially including tokenised Australian-listed securities and access to offshore tokenised markets.
Dan Jowett, CEO of Openmarkets, said the combination of Ondo’s technology platform and Openmarkets’ local market expertise could lead to compelling tokenised products aimed at local investors.
“We’re delighted to collaborate with Ondo, a trusted onchain finance global leader, to bring its world class suite of tokenised products to local investors and explore new tokenised offerings,” said Jowett.
“Tokenisation is already transforming Australia’s financial services industry and improving the way local participants access, transact and hold assets. As a licensed broker and fintech with a deep market footprint, Openmarkets is uniquely positioned as an infrastructure provider and distributor of digital products,” said Mr Jowett.
Min Lin MD of Global Business Development at Ondo Finance, said the collaboration is part of Ondo Finance’s ambition to expand the reach of its tokenised products outside the U.S.
“Australia is a natural next step in Ondo’s global expansion. Openmarkets brings deep local market expertise and established financial infrastructure, creating a compelling pathway to explore how Ondo’s institutional-grade tokenised products can reach eligible Australian investors. Together, we aim to connect one of the Asia-Pacific region’s most sophisticated capital markets with the global onchain economy.”
The collaboration is the latest in Openmarkets’ plans to add digital assets to its brokerage, clearing, settlement and wealth management services, extending its regulated infrastructure into Australia’s emerging tokenised markets. Its strategy to enter this market comes as forecasts predict the global tokenised asset market could reach US$16 trillion by 2030.
Openmarkets already holds many core authorisations to move into tokenised products as an ASX, Cboe and NSX participant operating under an Australian Financial Services Licence (AFSL). Openmarkets is also registered on AUSTRAC’s Virtual Asset Service Provider (VASP) Register.
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About Openmarkets
Openmarkets (openmarkets.com.au) is an Australian financial services and technology provider headquartered in Sydney, Australia, with additional offices in Melbourne and Brisbane. Openmarkets provides a suite of products and services including trade execution, clearing and settlement services, options risk management and equity order management applications, wealth management, and related products and services to financial technology providers, advice professionals, and professional traders. In January 2026 Openmarkets Group entered into a plan of merger and business combination agreement (BCA) with special purpose acquisition company Lake Superior Acquisition Corp (NASDAQ: LKSP). Upon completion, the transaction will result in the combined Openmarkets Group becoming a Nasdaq-listed company.
About Ondo Stocks
Ondo Stocks is an issuance and redemption platform for tokenized publicly traded U.S. stocks and ETFs. It enables investors outside the United States to gain economic exposure to these assets by minting, transferring, and redeeming securities-backed tokens. Each token is fully backed by the corresponding stock or ETF (together with cash in transit).
About Ondo Finance
Ondo Finance is a blockchain-based technology company focused on tokenizing real-world assets and bringing institutional-quality financial products onchain. By bridging traditional finance and decentralized infrastructure, Ondo aims to make capital markets more accessible, transparent, and efficient.