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Ondo: Tokenized Stock Platform TVL Surpasses $1 Billion, Expands to Multi-Chain Ecosystem
On May 12, Ondo Finance announced that its Ondo Global Markets has surpassed a total value locked (TVL) of $1 billion, making it one of the fastest-growing tokenized stock and ETF platforms in the history of on-chain finance. Official data shows that the platform achieved this milestone in less than 8 months, currently holding over 70% of the tokenized stock market share, with a cumulative trading volume exceeding $18 billion and a user base of tens of thousands. Ondo Global Markets now supports over 260 types of tokenized stocks and ETFs, covering several popular industries such as artificial intelligence, biotechnology, defense, and energy, and has been deployed on multiple public chains including Solana, BNB Chain, and Ethereum. The project team stated that tokenized assets are rapidly expanding into more asset classes, with growth rates surpassing those of stablecoins and the early stages of tokenized U.S. Treasuries, reflecting a structural change in the way global capital markets are accessed.