Ondo Finance (ONDO) introduced 24/7 minting and redemption for tokenized US stocks and exchange-traded funds (ETFs), extending always-on access beyond the previous five-day-a-week schedule that paused on weekends and US public holidays.
Ondo Starts 24/7 Minting, Redemption for Tokenized Stocks & ETFs
26 June 2026 - 05:35 CEST
The new capabilities are live across Ethereum and BNB Chain and will reach Solana soon, according to a 25 Jun statement from Ondo. Minting creates the tokenized stock or ETF from the underlying asset; redemption hands the token back for the underlying value.
"With this upgrade, eligible users will be able to mint or redeem supported assets around the clock at the current prevailing price, creating a more continuous experience across the full tokenized stock lifecycle," Ondo said.
Six tickers lead rollout
Opening the expanded window are six of the most actively traded tokenized stocks on the platform: SPYon, QQQon, CRCLon, NVDAon, TSLAon and GOOGLon – tokenized versions of the SPDR S&P 500 ETF, Invesco QQQ ETF, Circle, Nvidia, Tesla and Alphabet Class A shares.
Founded in 2021, Ondo Finance builds tokenized assets that bring traditional finance products onchain. DeFiLlama puts its total value locked (TVL) in the mid-$3bn range.
Crowded tokenization field
Ondo Global Markets, Ondo Finance's tokenized-equity platform, already lists more than 430 tokenized stocks and ETFs with 24/7 permissionless transfers. The mint-and-redeem rollout closes the last gap with secondary-market trading.
Competitors include Wall Street firms such as BlackRock, Franklin Templeton, JPMorgan and Goldman Sachs, alongside crypto rivals Securitize and Backed Finance's xStocks.
ONDO was trading at $0.30, down 3.2% in the past 24 hours, with roughly $101mn in volume and a market cap near $1.5bn, according to TradingView.
