Ondo Finance, Clearstream (Deutsche Börse's Europe-wide CSD), and 360X wired tokenized US equities into regulated European market infrastructure. Phase 1 lists 10 tokenized stocks and ETFs — AAPLon, MSFTon, NVDAon, TSLAon, SPYon and QQQon among them — on 360X, the largest tokenized securities listing on that venue to date. Phase 2 integrates Ondo's tokenized assets into Clearstream's custody, settlement, and collateral pool so institutions can access them through existing workflows. Ondo framed the push alongside ECB board member Piero Cipollone's recent speech calling tokenization's efficiency gains "unmatched by previous waves of technological change."

TLDR by @Benthic

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