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Ondo Finance Rolls Out Tokenized U.S. Stocks, ETFs as Equity Tokenization Ramps Up

Ondo Global Market's equity tokens are available on Ethereum and are backed by securities held at U.S.-registered broker-dealers, the firm said.

Updated Sep 3, 2025, 2:37 p.m. Published Sep 3, 2025, 1:30 p.m.
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What to know:

  • Ondo Finance has launched its tokenized equity platform Ondo Global Markets, providing non-U.S. investors with access to over 100 U.S. stocks and ETFs on blockchain rails.
  • It joins a slew of trading platforms including Robinhood, Gemini, Kraken and others in offering trading with on-chain versions of stocks as tokenization trend is accelerating.
  • The firm plans to expand to over 1,000 assets by the end of 2025 and introduce tokens to Solana and BNB Chain.

Ondo Finance launched Wednesday its tokenized equity platform dubbed Ondo Global Markets, offering non-U.S. investors access to more than 100 U.S. stocks and exchange-traded funds (ETFs) on-chain.

The tokenized equities, first announced in February, has gone live on Ethereum and are backed by securities held at U.S.-registered broker-dealers, the firm said.

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The offering includes crypto token versions of Apple (AAPL), Nvidia (NVDA) and the QQQ ETF among others. Investors in Asia-Pacific, Europe, Africa and Latin America can mint and redeem shares around the clock during trading days, with access to underlying exchange liquidity. The service is not available for U.S. users.

The tokens are designed to move freely between wallets, exchanges and decentralized finance (DeFi) protocols. The firm has also partnered with BitGo, Ledger, Chainlink and other infrastructure providers to support the rollout.

Ondo said it plans to expand the selection to more than 1,000 assets by the end of this year and bring the service to Solana and BNB Chain with LayerZero-powered interoperability.

"We saw stablecoins export the U.S. dollar by bringing it on-chain," said Nathan Allman, founder and CEO of Ondo Finance. "Now, Ondo Global Markets is doing the same thing for U.S. securities."

The rollout comes as tokenization of real-world assets (RWAs) gains momentum across crypto markets, with projects bringing treasuries, private credit and now equities onto blockchains pursuing broader access and liquidity.

A list of trading platforms and exchanges have introduced tokenized equities in the past few months, including by Robinhood, Gemini, Kraken and several other crypto exchanges. Coinbase and eToro also shared plans to offer stock trading in token form. However, some offerings drew backlash over potential issues such as limited shareholder rights and fragmented regulations.

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