What Ondo started, the industry followed.
Robinhood, Binance, Bitget, Coinbase and Kraken all launched tokenized stocks, replicating the same Just-In-Time liquidity model that Ondo pioneered to bring traditional exchange liquidity onchain. For many of these, Ondo's assets remain their most popular tokenized stocks.
A few things are now clear:
1. The market has fully embraced the wrapper model.
2. Ondo has set the industry standard for how liquidity comes onchain.
3. Despite these entries, Ondo's tokenized stocks are the preferred best in class option, commanding ~60% market share of the category (more than all others combined)
Imitation is the ultimate sign of Product Market Fit. While others play catch up to where we started, we're already building what's next. Ondo will continue to raise the bar for the industry, and I'm very excited to share soon what comes next.
All eyes are on tokenized stocks.
Ondo's @iandebode breaks down why the wrapper model is winning, with 60%+ market share and $1B+ in TVL on Ondo Global Markets.
“If you want to hold a stock in native form, you need to KYC with the transfer agent. You can only register specific wallets. You can't transfer it out seamlessly like a stablecoin. You can't use it in DeFi.”
The wrapper model is built without those constraints. It takes the same approach that made stablecoins work onchain:
“Our tokenized stocks are fully permissionless. You can send them freely wherever, use them in DeFi however. Same protections of a structured security, same utility as a stablecoin.”
Today, Ondo Global Markets sits at $20B+ in cumulative volume, tens of thousands of holders, across 260+ tokenized stocks and ETFs, showing the model works at scale.
Friday was a historic day for tokenization and for Ondo.
Our tokenized $SPCX (SPCXon) saw thousands of holders, tens of thousands of transactions, and millions in TVL - all in minutes after launch - across Solana, BNB and Ethereum, with the numbers climbing rapidly.
Friday made it clear that the line between traditional and onchain markets is further blurring. Onchain is now a day 1 distribution channel for IPOs.
But new venues only work when they're built on trust, and that requires reliable, institutional-grade rails. We saw other issuers make promises they could not deliver on, breaking this investor trust.
This is where Ondo stands out. We know how markets work. We know what we can and cannot promise. And we actually deliver. SPCXon was listed within minutes of trading and tracked the underlying market seamlessly.
Huge kudos to the Ondo team and all of the remarkable partners within the Ondo ecosystem that helped make this a historic day for onchain capital markets.
Looking forward to the next IPO. Onwards.
Asset management is moving onchain.
Ondo has partnered with Mirae Asset, South Korea's largest asset manager, to begin tokenizing its Global X ETF lineup through Ondo Global Markets.
Mirae will be the first asset manager in Asia to bring exposure to its existing ETF lineup onchain, starting with 10 Global X ETFs across:
→ AI and technology
→ Blockchain & digital assets
→ Robotics & space innovation
→ Lithium, silver, & defense tech
→ Covered call income strategies
Asset management is one of many legacy finance verticals being revolutionized by tokenization. The next generation of capital market infrastructure is being built onchain, and the institutions defining the last era are embracing the next one.
Ondo tokenized stocks are now available on @Titan_Exchange, a meta-DEX aggregator on @solana, unlocking:
→ Improved execution and tighter pricing
→ Meta-aggregated routing across the network
→ Reach across Titan's wallet & dApp network
Not all tokenized stocks are created equal.
❎ Other platforms: up to 26% price impact
✅ Ondo Global Markets: as low as 0.16%
Ondo tokenized stocks inherit liquidity directly from NYSE & Nasdaq. The result is execution quality comparable to traditional markets.
Tokenization is no longer optional.
South Korea's largest asset manager, Mirae Asset, is tokenizing its Global X ETF lineup through Ondo Global Markets.
Expect more asset managers to follow.
Best batch yet?
You tell me.
173 new tokenized stocks & ETFs, taking Ondo Global Markets past 430.
→ AI photonics, the optical layer of the buildout ($CIENon, $LITEon, $AAOIon)
→ The AI energy stack, running from data center cooling through grid buildout to nuclear ($VRTon, $PWRon, $SMRon, $CCJon)
→ Robotics & physical AI ($BOTon, $BOTZon, $MBLYon)
→ Defense tech, including the only public directed-energy pure-play ($LASRon, $SHLDon)
→ Quantum, including quantum-safe encryption ($ARQQon, $QTUMon)
→ A tanker basket for the geopolitics trade ($STNGon, $BWETon)
→ Covered-call income strategies
($QYLDon, $XYLDon)
Now live across Ethereum, Solana, and BNB.
Trade more than 430+ tokenized stocks and ETFs on Solana across rare earth metals, robotics, semiconductors and more
Spot on Solana keeps getting broader
Big day for tokenization.
Over 170 new tokenized stocks & ETFs are now onchain, many for the first time ever:
✅ Dell
✅ Flex
✅ EQT
✅ Jabil
✅ Ciena
✅ Nokia
✅ Nucor
✅ Atkore
✅ Rambus
✅ Cameco
✅ Corning
✅ Hubbell
✅ Symbotic
✅ Teradyne
✅ AMETEK
✅ Mobileye
✅ Wolfspeed
✅ Enbridge
✅ VeriSign
✅ Cloudflare
✅ Cerebras
✅ RoboStrategy
✅ Halliburton
✅ Planet Labs
✅ Astera Labs
✅ Steel Dynamics
✅ NuScale Power
✅ Bloom Energy
✅ Fluence Energy
✅ Quanta Services
✅ Generac Holdings
✅ General Dynamics
✅ Emerson Electric
✅ Lincoln Electric
✅ Trane Technologies
✅ Aurora Innovation
✅ GlobalFoundries
✅ Rockwell Automation
✅ Onto Innovation
✅ STMicroelectronics
✅ Power Integrations
✅ Iridium Communications
✅ Vanguard Energy ETF
✅ Global X Space Tech ETF
✅ iShares US Technology ETF
✅ Global X Defense Tech ETF
✅ Sprott Uranium Miners ETF
✅ Global X Silver Miners ETF
✅ Hewlett Packard Enterprise
✅ Huntington Ingalls Industries
✅ iShares MSCI EAFE Value ETF
✅ Global X Robotics & AI ETF
✅ Global X AI & Technology ETF
✅ Invesco PHLX Semiconductor ETF
✅ Global X Lithium & Battery Tech ETF
✅ And 115+ more
Ondo Global Markets now spans 430+ tokenized stocks & ETFs across the most in-demand sectors.