Alibaba (Ondo Tokenized)

BABAon is a tokenised real-world asset that represents fractional ownership of Alibaba (NASDAQ: BABA) shares. Each tokenised asset, aka Real World Asset (RWA), tracks the BABAon price directly through smart contracts. Ondo tokens are backed 1:1 with the underlying asset it represents, and you can sell them for this value.

Key features:

- Invest in RWAs from outside the US.

- No extra signups needed.

- 24/5 buying & selling: You can trade Ondo tokenised real-world assets Monday 08.00 ET through Friday 19.59 ET, 24 hours a day.

- 24/7 transferring: You can send BABAon peer-to-peer globally anytime.

- MetaMask native: You can trade tokenised real-world assets directly on MetaMask Mobile, just head to Swaps to get started.

- DeFi composability: Unlike the traditional real-world assets they represent, which are historically illiquid, tokenised real-world assets can be used across DeFi to lend, collateralise, and yield farm.

1. Open MetaMask Mobile App.

2. Tap Swap

3. Search BABAon ticker.

4. Review the transaction and tap Submit

5. You're done!

Buying and selling is generally available 24/5, 8:05:00pm ET (New York time) Sunday evening through 7:59:00pm ET Friday evening. Peer-to-peer transfers of BABAon are available 24/7, including weekends and bank holidays.

Ondo tokenised assets provide economic exposure to the underlying assets similar, and uses integrated Chainlink data oracles to provide real-time market info.

In crypto, Real World Assets (RWAs) refer to the tokenised versions of real-world assets including stocks, equities, treasuries, commodities, currencies, real estate, and more. Alibaba (Ondo Tokenized) is a Real World Asset.

Tokenisation converts real-world items of value—such as stocks, ETFs, real estate, bonds, gold, or art, into digital tokens e.g. Alibaba (Ondo Tokenized) on a blockchain.

Ondo Global Markets is the world's largest tokenised real-world asset platform, with over $7B in cumulative volume, and over $500 million in total value locked (TVL)—more than any other platforms of its kind. Ondo RWAs, like {{tokenSym

Head to our MetaMask Support RWA guide for additional information about accessing tokenised stocks and ETFs e.g. Alibaba (Ondo Tokenized) on MetaMask.