Ondo Finance Brings U.S. Stocks and ETFs On-Chain: A New Era for Tokenized Equities

The financial world is rapidly moving toward asset tokenization, a trend where real-world assets such as stocks, bonds, and funds are represented on the blockchain. Among the projects leading this movement is Ondo Finance, which has just made a bold leap by bringing over 100 U.S. stocks and exchange-traded funds (ETFs) on-chain. With this launch, investors can now gain blockchain-based exposure to blue-chip names like Apple, Tesla, and Nvidia—directly through platforms like Ethereum. This marks a major milestone in the real-world asset (RWA) boom, where tokenization is reshaping how traditional markets connect with decentralized finance (DeFi).

This development also comes at a time when the RWA sector is seeing explosive growth. In the first half of 2025 alone, the value of tokenized assets surged from $8.6 billion to over $23 billion, driven largely by tokenized treasuries and credit markets. Ondo Finance is now expanding that momentum into equities, aiming to make U.S. capital markets more accessible, efficient, and global. As Ondo’s CEO Nathan Allman puts it, access to U.S. markets has long been “gated and inefficient”, and tokenization could finally break down those barriers.

What Is Ondo Finance?

Ondo Finance is a blockchain-based platform focused on bringing real-world assets (RWAs) into the world of decentralized finance (DeFi). Founded in 2021 by Nathan Allman, a former Goldman Sachs banker, Ondo’s mission is to make institutional-grade financial products available to everyone, not just Wall Street insiders. The project started with yield-generating vaults in crypto, but quickly pivoted toward tokenizing traditional assets like U.S. Treasuries, bonds, and now equities. By combining the rigor of traditional finance with the speed and openness of blockchain, Ondo has become one of the leading names in the RWA sector.

At the heart of this ecosystem is the ONDO token, an ERC-20 governance and utility token. While you don’t need to hold ONDO to buy Ondo’s tokenized assets, the token plays an important role in governing the protocol and aligning the community around its growth. Ondo has already launched popular products like USDY (U.S. Dollar Yield), a yield-bearing stablecoin backed by Treasuries, and OUSG (Ondo Short-Term U.S. Government Bond Fund), which gives investors tokenized exposure to government debt. Together, these offerings have attracted over $1 billion in assets, proving strong demand for blockchain-based financial products. With the expansion into stocks and ETFs, Ondo is now pushing the boundaries further, creating a platform that blends traditional markets with Web3 innovation.

How Ondo Tokenizes U.S. Stocks and ETFs

Ondo Finance makes tokenized equities simple by directly linking blockchain tokens to real-world shares. Each token (like AAPLon for Apple or TSLAon for Tesla) is backed 1:1 by the actual stock or ETF, held in custody by regulated broker-dealers. This design ensures transparency, security, and price alignment with the traditional market, while giving global investors new ways to access U.S. assets through familiar crypto tools.

Here’s how it works:

● Real Stock Backing: When a user buys a tokenized stock, Ondo (through its brokerage partner Alpaca) purchases the underlying share in traditional markets.

● Token Issuance: A matching token is minted on Ethereum, representing ownership of that share.

● Fractional Ownership: Investors can buy fractions of high-priced stocks, lowering entry barriers.

● Fast Settlement: On-chain transactions settle in seconds, compared to the two-day settlement cycle on Wall Street.

● Liquidity Source: A mint-and-redeem system ties liquidity to the real stock market, keeping token prices closely aligned.

● Wallet Access: Through integrations like Trust Wallet, users can buy, hold, and trade tokenized equities alongside other crypto assets.

● Compliance & Restrictions: Tokens are available globally, but excluded in certain jurisdictions like the U.S., UK, and EU to meet regulatory requirements.

Ondo makes it possible for global investors to access U.S. stocks and ETFs with the same ease and speed as stablecoins or other crypto assets — merging the reliability of traditional markets with the efficiency of blockchain.

Who’s Behind Ondo’s Tokenized Stocks and ETFs?

Ondo Finance relies on a strong network of partners that provide the infrastructure, custody, liquidity, and accessibility needed to bring U.S. stocks and ETFs on-chain.

● Alpaca Markets – Provides brokerage infrastructure and handles real stock purchases, ensuring every token is backed 1:1.

● Trust Wallet – Integrates Ondo’s products directly into a self-custodial wallet, giving millions of users simple access to tokenized equities.

● BitGo – Offers institutional-grade custody for the underlying assets, adding an extra layer of trust and security.

● Fireblocks – Supplies secure wallet and transfer infrastructure for institutions managing tokenized assets.

● 1inch & Jupiter – Act as DEX aggregators, keeping liquidity deep and swaps efficient.

● Solana & BNB Chain – Expand Ondo’s reach across multiple blockchains, making tokenized assets available beyond Ethereum.

● Oasis Pro Markets – An SEC-registered broker-dealer acquired by Ondo, strengthening regulatory credibility for future U.S. offerings.

Together, this alliance forms the backbone of Ondo’s tokenization strategy, combining Wall Street-grade infrastructure with Web3 accessibility to bring traditional equities onto the blockchain at scale.

Adoption Metrics: How Fast Is Ondo Growing

Ondo Finance (ONDO) Market Cap

Source: CoinMarketCap

Ondo Finance’s tokenized equities launch has been met with strong momentum, both from retail investors and institutions. The ONDO token’s market cap recently surged past $3 billion, supported by daily trading volumes in the hundreds of millions, reflecting growing confidence in the project. Millions of retail users can now access tokenized U.S. stocks through integrations with Trust Wallet, Bitget Wallet , and BNB Chain, while institutional adoption has been boosted by partnerships with heavyweights like BlackRock, Mastercard, and Wellington Management.

Ondo has already tokenized more than $1 billion in U.S. Treasuries, proving strong demand for blockchain-based financial products. By operating across multiple blockchains, including Ethereum, Solana, and BNB Chain, Ondo is widening its reach and ensuring strong liquidity. Taken together, these metrics highlight Ondo’s position as a leading force in the RWA boom with significant room to grow.

Can Ondo Hit $100?

One of the biggest questions among investors is whether ONDO could ever reach the coveted $100 mark. At today’s prices under $1, that would mean a monumental jump and put Ondo’s market cap in the hundreds of billions — on par with global financial giants. The bullish case points to Ondo’s first-mover advantage in real-world asset tokenization, its billion-dollar treasury products, and growing ecosystem of equities. If tokenized assets become mainstream and Ondo continues to lead, the ONDO token could capture increasing value from governance, ecosystem utility, and possibly future staking or fee mechanisms.

Still, hitting $100 is a tall order. With a total supply of 10 billion tokens, ONDO would need to achieve a valuation larger than almost every crypto project except Bitcoin and Ethereum . Competition from other tokenization platforms, regulatory hurdles, and token unlocks could limit its upside. More realistic targets some analysts highlight are $2–$10 in the near to mid-term, with long-term potential for higher valuations if adoption scales globally. For now, $100 remains more of a moonshot scenario than a base case, but Ondo’s steady growth keeps the conversation alive.

Conclusion

Ondo Finance is proving that the future of investing is not just digital—it’s on-chain. By bringing U.S. stocks and ETFs onto blockchain networks, Ondo is breaking down barriers that once kept global investors out of American markets. Its partnerships with brokers, custodians, wallets, and institutions provide the credibility and infrastructure needed to scale, while integrations with platforms like Trust Wallet make tokenized assets accessible to everyday crypto users.

With rapid adoption and a proven track record in tokenizing billions of dollars’ worth of assets, Ondo has positioned itself as a leader in the real-world asset movement. More importantly, it is reshaping how traditional markets and DeFi connect, setting the stage for a financial system where stocks, bonds, and crypto coexist in a single, seamless ecosystem. For investors, Ondo represents both a glimpse of the future and a reminder that the tokenization revolution has only just begun.

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Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.