Frontier AdoptionEvidence-graded tracking of what's actually live

Deployments · Ondo Finance platform · platform by Ondo Finance

Ondo Global Markets tokenised stocks and ETFsUpdated 8 Nov 2026

Ondo's platform for tokens that track US stocks and ETFs, backed by shares held at US broker-dealers, offered to eligible investors outside the US with 24/7 on-chain transfer and minting and redemption 24 hours a day, five days a week. Launched on Ethereum in September 2025 with over 100 names, it added BNB Chain and Solana, won Liechtenstein approval to offer across the EEA, and passed $1 billion in value in May 2026. Renamed Ondo Stocks in July 2026; it listed 450 tokens by October. Crypto-native issuer of regulated securities.

AnnouncedProof of conceptPilotLive (limited)Live (scaled)

Live (scaled) since 11 May 2026[6] — Over $1 billion TVL and more than 260 assets by May 2026; largest tokenised stock issuer by value on rwa.xyz in October 2026. · Reviewed 11d ago

Assets
Structured note[4]
Tokens giving the total economic return of the underlying, backed by shares held at US broker-dealers plus cash in transit
Networks
Ethereum Public, permissionless[4]
BNB Chain Public, permissionless[6]
Solana Public, permissionless[6]
Hyperliquid Public, permissionless[12]
HyperEVM; seen on the largest tokens' RWA.xyz pages.
Use cases
Secondary trading[6]
Jurisdictions
Liechtenstein, European Union

Participants

Likely relevant regulation

Assets

Data feeds

  • PricesChainlink LabsData Feeds (custom tokenised-stock prices, Ondo API)Ethereum[3][2][4]Custom per-token price feeds (e.g. SPYon, QQQon, TSLAon) that Chainlink says reflect corporate actions such as dividends.

Moves across networks

  • viaLayerZeroEthereum ↔ BNB Chain[14][4]Ondo Bridge, built with LayerZero, lets holders move more than 100 tokenised stocks and ETFs between Ethereum and BNB Chain.

Metrics

  • over $1bnTotal value locked · as of 11 May 2026[6]
  • over $18bnCumulative trading volume · as of 11 May 2026[6]
  • over 260 assetsTokenised stocks and ETFs offered · as of 11 May 2026[6]
  • ~$926.9mValue of tokenised stocks · as of 11 Oct 2026[13]
    On-chain via rwa.xyz; 408 stock tokens counted. Distributed value, lower than Ondo's TVL measure.
  • ~$1.26bnTotal value locked · as of Sep 2026[9]
    Record level reported in late September 2026.
  • 450 tokensTokenised stocks and ETFs listed · as of 13 Oct 2026[10]
  • ~$1.85bn / monthTransfer volume of stock tokens · as of 12 Oct 2026context[11]
    Trailing 30 days, Stocks class only, via RWA.xyz; includes all transfers, not just trades.
  • 494,601 holdersToken holders · as of 12 Oct 2026[11]
    Holders of Ondo stock tokens via RWA.xyz.
  • $294.15mSHVon value on Solana · as of 16 Oct 2026 · on Solanacontext[1]
    Single holding address. RWA.xyz classes it as US Treasury Debt, so it is outside the stocks figure above; context only because Ondo's TVL figures may already include it.
  • over $325.34m / monthTrading volume, known venues (daily read) · as of 7 Nov 2026[20]
    Average of the last 7 days of 24-hour trading, scaled to a month. Covers: Gate. Not covered: Venues without public tagged market data; Minting and redemption through Ondo. A floor, not the full total.

Timeline

  1. Happened Sep 2026 (month only) · Volume milestone · recorded 13 Oct 2026
    Value locked in Ondo's tokenised stocks reaches a record of about $1.26 billion.[9]
  2. Happened Jul 2026 (month only) · Scope expansion · recorded 13 Oct 2026
    Ondo Global Markets is renamed Ondo Stocks, with more than 438 listings after passing $1 billion in value.[8]
  3. Happened 11 May 2026 · Volume milestone · recorded 11 Oct 2026
    Ondo reports TVL above $1 billion, 260+ assets and over $18 billion in cumulative trading volume.[6]
  4. Happened 18 Nov 2025 · Regulatory approval · recorded 11 Oct 2026
    Liechtenstein's FMA approves Ondo's base prospectus, enabling the tokens to be offered across the 30 EEA countries.[5]
  5. Happened 3 Sep 2025 · Launch · recorded 11 Oct 2026
    Ondo Global Markets goes live on Ethereum with more than 100 tokenised US stocks and ETFs for non-US investors.[4]

Sources

  1. [1]iShares 0–1 Year Treasury Bond ETF (Ondo Tokenized) asset page — RWA.xyz. Accessed 18 Oct 2026.A
  2. [2]Chainlink's Work With Major Tokenized Asset Platforms and Stablecoin Issuers — Chainlink. Accessed 16 Oct 2026. Chainlink's own round-up of client announcements (provider self-report); undated page..B
  3. [3]Chainlink data feeds directory: Ethereum mainnet (machine-readable feed list behind data.chain.link) — Chainlink. Accessed 16 Oct 2026. Provider's own feed directory; JSON with no page headline, so the title is descriptive. Each entry names the feed, its proxy contract and, for SmartData feeds, the issuer and data source..B
  4. [4]Ondo debuts over 100 tokenized US stocks and ETFs on Ethereum, with BNB Chain and Solana support to follow — The Block, 3 Sep 2025. Accessed 11 Oct 2026.C
  5. [5]Ondo secures Liechtenstein approval for tokenized stocks in Europe — Cointelegraph, 18 Nov 2025. Accessed 11 Oct 2026.C
  6. [6]Ondo Global Markets Tops $1B TVL As Tokenized Stocks Gain Ground — Yahoo Finance, 12 May 2026. Accessed 11 Oct 2026.C
  7. [7]Ondo Finance and Alpaca Collaborate to Tokenize US Stocks and ETFs — Alpaca, 3 Sep 2025. Accessed 13 Oct 2026.B
  8. [8]Ondo Global Markets Becomes Ondo Stocks as Tokenized Equities Cross $1 Billion — Genfinity, 13 Jul 2026. Accessed 13 Oct 2026.C
  9. [9]Ondo Finance's tokenized stocks hit a record $1.26 billion in TVL — Crypto Briefing, 30 Sep 2026. Accessed 13 Oct 2026.C
  10. [10]Ondo Stocks | Ondo Finance — Ondo Finance. Accessed 13 Oct 2026. Product list read from the page data..B
  11. [11]Ondo platform dashboard — RWA.xyz. Accessed 13 Oct 2026.A
  12. [12]CRCLon asset dashboard — RWA.xyz. Accessed 13 Oct 2026.A
  13. [13]Tokenized stocks dashboard — RWA.xyz. Accessed 11 Oct 2026.A
  14. [14]Ondo Bridge for onchain securities launches on Ethereum and BNB Chain — TheStreet (via Yahoo Finance), 17 Dec 2025. Accessed 13 Oct 2026.C
  15. [15]Ondo Stocks docs: Trust & Transparency — Ondo Finance. Accessed 28 Oct 2026.B
  16. [16]Ondo Stocks docs: Overview — Ondo Finance. Accessed 28 Oct 2026.B
  17. [17]SHVon asset page (service providers) — RWA.xyz. Accessed 28 Oct 2026. Service-provider metadata on the RWA.xyz asset page; RWA.xyz data, not an issuer document..C
  18. [18]Ondo Finance — Institutional-grade finance, delivered onchain — Ondo Finance, 24 Sep 2026. Accessed 8 Nov 2026.B
  19. [19]Final Terms for Product Nr. 1 QQQon (ISIN: VGG7001AAJ30) — Ondo Global Markets (BVI) Limited, 11 Nov 2025. Accessed 8 Nov 2026.A
  20. [20]Trading volume read daily from venues' public data — Exchange public market data and GeckoTerminal (automated daily read). Accessed 7 Nov 2026. Venue-reported figures; exchanges' own volume can include wash trading..B

Spotted something out of date or missing? Suggest a correction, ideally with a source.