Ondo Finance's tokenized stocks platform has crossed $1bn in total value locked (TVL), a first for products that have evolved from an experimental niche to a legitimate parallel financial system.
Ondo Hits $1bn TVL, Setting Stocks Tokenization Milestone
12 May 2026 - 08:58 CEST
Fundamental products
The Ondo Global Markets platform accounts for more than 70% market share among tokenized equity issuers, according to RWA.xyz. Each token of its stocks and Exchange Traded Funds (ETFs) is fully backed by the underlying security.
Describing tokenized securities as "fundamental capital markets" products, Ondo said in an 11 May statement that its platform reached the milestone less than eight months after launch.
Seeking efficiencies
"Crossing $1bn in total value locked is a validation of the thesis that global investors want access to US capital markets through infrastructure that is more transparent, more accessible, and more efficient than the legacy system," said Ian De Bode, President of Ondo Finance.
In February, Ondo Global Markets confidentially filed a registration statement with the US Securities and Exchange Commission (SEC) seeking approval to be the first issuer of transferable tokenized stocks subject to SEC reporting requirements.
If given the nod, Ondo's platform will be subject to the same reporting standards required of traditional public companies. This would create a global compliance baseline as it seeks to expand its onchain trading into new markets.
Token lifts on the news
Ondo Global Markets offers 260+ tokenized US stocks and ETFs across Solana, Ethereum, and BNB Chain and is accessible to users via leading wallets, exchanges, custodians, and protocols, including Binance, Bitget, MetaMask and Blockchain.com.
Ondo Finance's native token (ONDO) has responded positively to a spate of recent initiatives, rising 1.94%, to an intra-day high of $0.46 in the last 24 hours, according to Binance data. In the last seven days, the token has shot up 34.20%, outpacing the broader global crypto market, which gained 2.90% over the same period, according to CoinGecko data.
Last week, the protocol announced that it, along with Mastercard, JPMorgan and Ripple successfully completed a transfer that was settled in under five seconds on the XRP Ledger and used OUSG, Ondo's tokenized US Treasury fund. Ondo's overall TVL stands at over $3.6bn, according to DeFiLlama.
