👑 I AM Lorion 👑

Tokenization and the Future of U.S. Capital Markets The way investors access public markets is being rebuilt. Tokenization, once a fringe idea, is becoming core infrastructure, and the implications run well beyond crypto. Ondo has been building toward this future for years. We launched one of the first and most widely held tokenized Treasury products, and today we bring stocks and ETFs onchain at meaningful scale. Along the way, our goal has been the same: make the financial system more accessible, more efficient, and more useful to the investors it exists to serve. One of the great strengths of U.S. capital markets is the range of ways investors can gain exposure to the same underlying asset: direct ownership, funds, ETFs, derivatives, structured products. Tokenization is a natural extension of that tradition. Different forms, including “native” and “wrapped”, each have a role to play, and each can expand investor choice without compromising the protections that make these markets trusted in the first place. For U.S. policymakers, the question to ask of any new development remains: does it serve investors, promote market integrity, and strengthen the U.S. position as the financial capital of the world? We’re optimistic about where this is heading, and ready to keep building.

A generational shift in finance is underway. The largest institutions, banks, and asset managers are going all in on tokenization.

Most RWA projects focus on a single asset class. Rax Finance connects the full AI infrastructure stack: ⚡ Energy 💻 GPU Compute 🏢 Data Centers 💵 Stablecoin liquidity One financial layer for the AI economy.

Most people think of RWAs as treasuries. But GPUs, data centers, and energy contracts are real-world assets too. Rax Finance is building the financial layer for AI infrastructure RWAs.