Crypto is beating S&P 500 onchain 👀


$ONDO Global Markets is the first platform to cross the line
What got bought is worth sitting with:
CRCLX: 14.79%
TSLAX: 13.29%
MSTRX: 7.51%
SPYX: 6.65%
GOOGLX: 5.79%
QX: 5.55%
Tokenized equities aren't pulling TradFi capital on-chain yet.
They're letting crypto-native capital express the same thesis in a new format.
The narrative everyone expected was "Wall Street comes to crypto."
The data so far is "crypto buys back its own reflection."
Circle, MicroStrategy, Coinbase and Robinhood together make up around 26% of the platform.
The crypto-equity overlap is doing most of the heavy lifting.
Bull case from here is simple.
Tokenized equities solve real friction for non-US investors who want US market access without the brokerage stack.
The infrastructure works and custody works.
$15B in cumulative volume says the demand is real and it will only grow.
ONDO-0.43%
CRCLX8.47%
TSLAX3.44%
MSTRX1.37%
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