GM Markets is a permissionless, wallet-native interface to tokenized stocks, ETFs, commodities, and FX, plus on-chain yield vaults across credit, lending, delta-neutral, market-neutral, looping, and active-trading strategies. Connect any supported wallet to trade or allocate. Tokens stay self-custodial in your wallet at all times.
Ondo is the right choice if you want the institutional-distribution brand for tokenized US Treasuries and a smaller curated equities set, and you're fine completing KYC. GM Markets is the right choice if you want 8,000+ tokenized stocks plus commodities, FX, and a growing set of yield vaults — wallet-native, permissionless, on the EVM chains you already use.
Permissionless trading + onchain yield, one wallet.
GM Markets is a permissionless wallet-native interface for 8,000+ tokenized US stocks, ETFs, commodities, FX, and a growing set of on-chain yield vaults. EVM-native across Ethereum, BSC, Base, and Arbitrum.
Institutional tokenized RWAs (Treasuries-led)
Ondo is the institutional brand for tokenized real-world assets, with US Treasury products as its flagship. Distribution is primarily through partner exchanges and permissioned channels; direct mint typically requires KYC and qualified-purchaser status. Ondo Chain is its own L1, and Ondo's tokenized-equities product covers a curated list.
ondo.finance ↗| Dimension | GM Markets | Ondo Finance | Edge |
|---|---|---|---|
| Access model | Permissionless: wallet connect only | KYC required at the issuer layer for direct mint; secondary-market access varies by venue | GM |
| Asset coverage | 8,000+ US stocks, ETFs, commodities, FX | ~250 tokenized assets, focused on Treasuries (OUSG, USDY) and a curated equities set | GM |
| Yield products | Growing set of vault categories: RWA (private credit, public RWA), DeFi, Trading — same wallet, same UI | Treasuries-led products (OUSG, USDY); no native DeFi or Trading vault layer | GM |
| Composability | ERC-20 with no transfer restrictions; usable as collateral on Aave, Morpho, Pendle out of the box | Many products carry transfer restrictions (e.g., qualified-purchaser-only); composability scoped to whitelisted venues | GM |
| Distribution | Wallet-native UI: connect, trade, deposit | Partner exchanges and permissioned channels; product-specific UIs | GM |
| Settlement and access | USDC-settled bearer tokens, 24/7 wallet operations on EVM | Settlement and access vary by product and venue; some products are non-bearer or whitelisted-wallet only | GM |
| Product depth across chains | Same product (stocks, ETFs, commodities, FX, vaults) on every supported EVM chain | Different products on different chains; Ondo Chain is its own L1 | GM |
| Custody of underlying | Flo holds tokenized public-asset underlying at Interactive Brokers and Alpaca; ForDeFi MPC for vault funds | Product-specific custodians (e.g., Treasuries held in regulated structures) | Even |
| Chains | EVM-native: Ethereum, BSC, Base, Arbitrum | Multi-chain across major EVMs and Solana; Ondo Chain is its own L1 | Even |
| Best for | Traders and allocators who want broad tokenized exposure (stocks, commodities, FX, yield) in one wallet, permissionless | Allocators who specifically want Ondo-issued Treasuries and are fine with KYC and permissioned distribution | Even |
Anyone with a wallet can connect and trade. There is no signup, no account, and no identity collection at the GM Markets layer. Restricted-jurisdiction users are gated at the asset level (geo-blocked rows), not at the user level.
Direct mint of Ondo's flagship products typically requires KYC and qualified-purchaser status at the issuer layer. Secondary access on partner venues varies. GM Markets does not collect KYC at its layer — wallet connect only.
Ondo covers roughly 250 tokenized assets (Treasuries-led plus a curated equity set). GM Markets covers 8,000+ US stocks, ETFs, commodities, and FX, plus a growing set of yield vault categories.
Yes. Some allocators hold Ondo Treasuries products and use GM Markets for the broader stocks + commodities + FX + DeFi-vault exposure. They serve different mandates.
A growing set of vault categories on the same wallet, same UI: RWA vaults (private credit and public RWA sub-categories), DeFi vaults (curator-operated across whitelisted protocols), and Trading vaults (programmable, SMA-style). New vaults are added continuously as curators and issuers come online.
You do. GM Markets is non-custodial. Tokens live in your wallet from deposit to withdrawal. The underlying real-world shares behind tokenized public assets sit at Interactive Brokers and Alpaca via Flo's regulated issuance layer. Vault funds use ForDeFi MPC custody with a published signer quorum.
Permissionless. Wallet connect. No signup. Trade tokenized stocks, commodities, FX, and deposit to onchain yield vaults from one wallet.