James Richardson
Ondo Finance and the Ondo Foundation have officially launched Ondo Global Markets, a platform providing around-the-clock onchain access to over 100 U.S. stocks and ETFs. The service is currently open to investors across Asia-Pacific, Europe, Africa, and Latin America, with plans to scale to more than 1,000 tokenized assets by year-end.
Through Ondo Global Markets, users can mint and redeem tokenized U.S. stocks and ETFs 24 hours a day, five days a week, while retaining access to traditional exchange liquidity. Each tokenized asset is backed by securities held with U.S.-registered broker-dealers and supported by cash reserves.
Unlike many siloed offerings with limited transferability, Ondo’s solution enables peer-to-peer onchain transfers, meaning investors can move tokenized equities between wallets, exchanges, and DeFi protocols without restriction.
Expanding Beyond NYSE and Nasdaq
Initially unveiled in February, Ondo Global Markets now offers exposure to major companies like Apple and Tesla as well as fixed-income ETFs. These tokenized securities are currently available on Ethereum, with support for BNB Chain and Solana coming soon, powered by LayerZero interoperability.
Backed by Leading Crypto Infrastructure
The launch is supported by top crypto wallets and infrastructure providers, including OKX Wallet, Trust Wallet, Ledger, BitGo, Gate, LayerZero, Morpho, and 1inch. Pricing data for the assets is secured through Chainlink oracles.
In a notable integration, 1inch has upgraded its Swap API to allow users to access these tokenized stocks through its app and partner platforms. “This reduces barriers and expands access where permitted,” 1inch co-founder Sergej Kunz said.
Institutional-Grade Liquidity with Block Street
Ondo is also integrating with Block Street, a startup building a chain-agnostic liquidity layer for tokenized stocks. The system enables features like borrowing, shorting, and hedging at scale, bringing Wall Street-style strategies to DeFi. Backers include Citadel, Point72, and Jane Street.
A Growing Race in Tokenized Securities
Ondo is not alone in the tokenization push. Kraken, Backed, Bybit, Gate, Robinhood, and Coinbase have all recently launched or expanded support for tokenized equities such as AAPLx, TSLAx, SPYx, and NVDAx. These platforms are extending trading access beyond traditional market hours with onchain settlement.
The Bigger Picture: Tokenization at Scale
Industry experts believe tokenized financial assets are entering a new phase. A McKinsey report cited by Block Street projects the tokenized market cap could hit $2 trillion by 2030, excluding stablecoins.
Ondo is also working on its own Layer 1 blockchain, Ondo Chain, to advance institutional-grade financial infrastructure. Additionally, Ondo and Pantera Capital have pledged $250 million for real-world asset projects, bridging traditional finance with crypto.
“We saw stablecoins bring the U.S. dollar onchain. Now, Ondo Global Markets is doing the same for U.S. securities,” said Ondo Finance founder and CEO Nathan Allman.
