MetaMask, the self-custodial crypto wallet developed by Consensys, is starting to offer access to tokenized US stocks, exchange-traded funds (ETFs), and commodities through Ondo Global Markets. Starting Tuesday, eligible MetaMask users outside the US will be able to access 200 tokenized US stocks, ETFs, and commodity (such as gold, silver) assets on the Ethereum network, which is critical for ETH detailed analysis. Users will be able to acquire these tokens, which track the underlying asset value at a 1:1 ratio, by converting Circle’s USDC stablecoin to Ondo Global Markets (GM) tokens via MetaMask Swaps.
How Does the MetaMask Ondo Integration Work?
The launch will initially be available only in the MetaMask mobile app, with desktop browser extension integration planned for the end of February. This integration enables users to hold traditional financial assets on the blockchain without intermediaries, accelerating the RWA (Real World Assets) trend. Consensys ensures high security and transparency by executing transactions on Ethereum’s Layer 1 infrastructure.
Geographic Restrictions and Excluded Countries
Access is subject to geographic restrictions covering 30 countries and regions including the US; Canada, the European Economic Area, and the United Kingdom are also excluded. Consensys stated it will ensure compliance with IP address-based restrictions. The following map shows the excluded countries:
Countries excluded from MetaMask’s tokenized asset rollout with Ondo. Source: MetaMask
ETH Technical Outlook in Ethereum and RWA Trend
Ethereum co-founder and Consensys CEO Joe Lubin emphasized that this integration represents the future of combining crypto and traditional assets without intermediaries. The RWA trend is accelerating in the sector; Coinbase and Trust Wallet also announced similar tokenized asset integrations. ETH is currently trading at $2,302.44 (-2.72% 24h), with RSI at 26.61 in oversold territory. Supports: S1 $2,134.82 (strong, -7.25%), S2 $2,248.15 (medium). Resistances: R1 $2,396.39 (strong, +4.11%). The ETH futures downtrend continues, but there is recovery potential with RWA growth. Supertrend bearish, expecting a close above EMA20 $2,780.
Recommendations for Users
- Update mobile MetaMask and swap with USDC.
- Check IP restrictions.
- Diversify your RWA portfolio with ETH analysis.
Source: https://en.coinotag.com/access-to-tokenized-us-assets-with-ondo-on-metamask
