what's Ondo Finance?
Ondo Finance is a blockchain-based platform that tokenizes real-world assets (RWAs), enabling institutional-grade financial products to be accessible onchain. It bridges traditional finance with decentralized ecosystems by creating tokenized versions of assets like U.S. Treasuries, equities, and ETFs. Through products like USDY (a yield-bearing stablecoin backed by tokenized Treasuries) and OUSG (a tokenized fund), Ondo allows users to earn yields and participate in capital markets via smart contracts on blockchains such as Ethereum and Solana. The platform's Ondo Global Markets initiative specifically tokenizes publicly traded securities from exchanges like NYSE and NASDAQ, making them 24/7 accessible, composable with DeFi protocols, and transferable onchain. This involves partnering with custodians, wallets, and alliances to ensure compliance, liquidity, and interoperability. Ondo Chain, its dedicated layer-1 network, further supports RWA scaling with features like cross-chain connectivity via LayerZero. Ondo emphasizes regulatory compliance, having acquired entities like Oasis Pro for SEC-registered services. The native ONDO token governs the ecosystem, facilitating staking, voting, and access to premium features, positioning Ondo as a leader in the multi-trillion-dollar tokenization of global capital markets.
Ondo requested SEC no-action letter to record tokenized securities on Ethereum.
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x.com/ondofinanceSeeks SEC no-action letter for tokenized securities entitlements recordkeeping on Ethereum.
Paid out $867K in yield from USDY during the week ending April 10, 2026.
Paid out $422K in yield from OUSG during the week ending April 10, 2026.
Integrated with Holdstation Wallet to enable access to tokenized US stocks including NVDAON, MSFTON, and METAON.
Partnered with Franklin Templeton ($1.7T AUM) to launch five on-chain tokenized ETFs on Solana, permissionless, 24/7, and usable as DeFi collateral, covering equities, fixed income, and gold.
Issued the top 3 tokenized stocks by 30-day transfer volume: CRCLon, NVDAon, and TSLAon.
Listed tokenized stocks (NVDAon, TSLAon, SPYon, QQQon, PLTRon, CRCLon, IAUon, SLVon, BABAon, and additional products) on Binance.
Received ADGM regulatory approval in Abu Dhabi for tokenized stocks and ETFs on Binance, including U.S. equities like Apple, Nvidia, Tesla, and QQQ.
Launched two tokenized equity lending markets (SPYon, QQQon) on Morpho with Gauntlet, enabling them as DeFi collateral.
Holds $630M in tokenized equities across multiple chains including Ethereum and Solana as of March 2026.
Integrated with Binance Alpha for 10 tokenized US stocks/ETFs (Apple, Tesla, Nvidia) on BNB Chain, Solana, Ethereum by 2026-02-24; partnered with Binance Futures for stock perpetual contracts (NVDA, META, GOOGL) with up to 10x leverage, launched March 26, 2026.
USDY experienced 1,397% market cap growth over 30 days ending February 13, 2026.
Listed 19 new tokenized stock pairs on MEXC spot market, including Chevron (CVXon), Petrobras (PBRon), Exxon Mobil (XOMon), Occidental Petroleum (OXYon), and United States Oil Fund (USOon), with zero trading fees for 30 days.
Filed a registration statement with the SEC to become the first tokenized stocks issuer under SEC reporting requirements.
Partners with Metamask to launch in-wallet tokenized equities
Enables BitGo IPO to be available onchain on Solana through Ondo Finance Global Markets.
Unlocked 1.94B tokens worth $745M on 2026-01-18.
Partnered with LayerZero to enable cross-chain onchain securities bridging in 2025.
Partnered with Fidelity and Mastercard on tokenization infrastructure in 2025. Integrated as the first RWA provider on Mastercard's Multi-Token Network in February 2026.
Featured by Amundi (€2.3T AUM), BlackRock, and Franklin Templeton, as the tokenized U.S. Treasuries market surpassed $10 billion alongside Securitize, Circle, and Superstate.
State Street and Galaxy Asset Management announce SWEEP tokenized liquidity fund launching on Solana in early 2026, with OUSG providing $200M as lead anchor investor. OUSG currently holds more than $770M in total value locked.
The two-year SEC investigation concludes without charges, paving the way for US expansion of tokenized securities.
The SEC ends its two-year investigation into Ondo Finance.
Purchases $25 million worth of Figure's YLDS yield-bearing stablecoin to diversify assets backing its tokenized US Treasurys fund.
Ondo Global Markets secures FMA approval to offer tokenized US stocks and ETFs across 30 European countries.
Blockchain.com integrates with Ondo Global Markets on BNB Chain, enabling users to access 100+ tokenized U.S. stocks and ETFs through their wallet.
Reached ~$313M Global Markets TVL and over 40,000 holders for tokenized stocks on BNB Chain, including Nvidia and Tesla.
Ian De Bode, former Head of Digital Assets at McKinsey, is appointed as President.
Ondo Finance brings USDY and ACRED to Sei Network, where these RWA tokens are used as DeFi collateral.
CEO Nathan Allman speaks at SmartCon tomorrow alongside Chainlink Labs' Fernando Vasquez to discuss tokenization reshaping global markets.
Partnership with BX Digital (part of Boerse Stuttgart Group, Europe's sixth-largest exchange with €90 billion annual trading volume) enables regulated trading of over 100 tokenized stocks and ETFs as exchange-traded products in Switzerland, accessible to European Economic Area investors.
Ondo Finance completes acquisition of Oasis Pro, listed among the largest crypto M&A deals in 2025.
PancakeSwap officially supports Ondo, enabling users to trade tokenized U.S. stocks and ETFs on the leading BNB Chain DEX with liquidity supporting swaps up to 1 million USDC.
Enabled tokenized US stocks as collateral on Euler Finance for lending, borrowing, and looping, partnering with Chainlink for oracles and CCIP, and integrating via Enso Build's authorized minting. Chainlink joins the Ondo Global Market Alliance.
Ondo Global Markets expands its tokenized securities platform to BNB Chain.
Leads tokenized stock sector with 58% market share, holding $303M in Q3 as total on-chain value crossed $1 billion.
Ondo Finance settles on Sei blockchain alongside BlackRock, Apollo, Hamilton Lane, Brevan Howard, Nomura/Laser Digital, Securitize, Circle/USDC, and KAIO. The project is valued at $1.6B.
Earnings season data is now available onchain for over 100 tokenized U.S. companies and ETFs on the platform, with corporate earnings information accessible for stocks including Netflix and Tesla.
Blockchain.com integrates Ondo Global Markets, providing 90+ million wallets access to 100+ tokenized stocks and ETFs worldwide.
Files formal SEC letter urging rejection of Nasdaq rule SR-NASDAQ-2025-072 on tokenized securities, arguing DTC lacks transparency in settlement processes and gives Wall Street incumbents unfair advantages over newcomers.
The project urges more transparency before Nasdaq's tokenization proposal moves forward.
Platform achieves $26m in value with 100 onchain stocks actively circulating.
Launched Global Markets product with 61 new tokenized stocks and ETFs, totaling over 260 for non-U.S. investors, including BlackRock's Bitcoin ETF. Featured in Wall Street Journal, the platform offers 24/7 trading, instant settlement, and access to U.S. stocks without a brokerage, covering AI, oil, biotech, and defense sectors; trackable on Birdeye across Ethereum, Solana, and BNB Chain.
Completed major financing round with substantial capital raised
Platform to launch with 100+ US equities, scaling to thousands by end of 2024.
Launched equity perpetuals DEX for tokenized stocks and ETFs, integrating with Flash Trade for MetaMask trading scheduled for Summer 2024. SPY collateralizes trades via FLU with real-time mint/burn; its technology also powers 24/7 oil perpetual futures trading.