Ondo Global Markets, the tokenized securities arm of ONDO Finance, has crossed $1 billion in total value locked in tokenized US stocks and ETFs. It did so in under eight months from launch, making it the first platform in this category to hit the ten-figure mark.
The numbers behind the milestone
As of May 2026, Ondo Global Markets commands more than 70% of the market share in tokenized stocks and ETFs. Cumulative trading volume on the platform has exceeded $18 billion across its supported chains. The platform runs on Solana, Ethereum, and BNB Chain, offering onchain access to more than 260 tokenized stocks and ETFs spanning various sectors.
The TVL doubled since January 2026. In roughly four to five months, the platform went from $500 million to $1 billion.
Ondo has claimed that its tokenized stocks TVL has been growing at a faster rate than stablecoins in 2026.
What tokenized stocks actually mean
Tokenized stocks are blockchain-based representations of real equities. The underlying US securities are held with regulated custodians, and the tokens represent ownership claims on those assets. Trading happens 24/7 instead of during market hours, and fractional ownership is built in by default. Ondo Global Markets operates with KYC and AML compliance requirements.
Why this matters beyond Ondo
Ondo hitting $1 billion in tokenized stocks is the first instance of a live platform reaching this TVL threshold in a category that barely existed a year ago. The 70%-plus market share figure reflects first-mover dominance in a nascent market. The $18 billion in cumulative volume indicates meaningful liquidity depth has already been established.
BlackRock’s tokenized treasury fund, Franklin Templeton’s blockchain-based money market fund, and Ondo’s tokenized equities are collectively building a case that traditional finance is migrating onchain. The custodial structure, where underlying securities sit with regulated entities, adds a layer of counterparty risk that doesn’t exist with purely onchain assets.
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