Fidelity Launches Tokenized Fund with Ondo as Anchor Investor

**Tokenized Stocks Surge 60% in 30 Days** Tokenized stocks and ETFs are experiencing rapid adoption, with market cap growing **60% over the past month** according to RWA.xyz data. This growth coincides with the launch of **Ondo Global Markets**, demonstrating the potential when U.S. capital markets become accessible through tokenization. **Key developments:** - Significant market cap expansion in tokenized equities - Launch of major tokenization platform - Growing institutional and retail interest The surge reflects broader momentum in bringing traditional financial assets onchain, making previously restricted markets accessible to global investors through blockchain technology. This represents a shift from experimental tokenization to mainstream adoption of blockchain-based securities.

**Ondo Finance** has appointed **Peter Curley** as Head of Global Regulatory Affairs, bringing decades of policy experience from major institutions. **Key Background:** - Former roles at Coinbase, SEC, U.S. Department of Treasury - Experience at Hong Kong Exchanges & Clearing Ltd - Extensive financial policy expertise **Strategic Significance:** - Reinforces Ondo's commitment to regulatory leadership - Positions company for thoughtful policymaker engagement - Supports growth as tokenization transforms capital markets This appointment comes as real-world asset tokenization gains momentum and regulatory clarity becomes increasingly important for institutional adoption. [Read full details](https://blog.ondo.finance/ondo-finance-appoints-peter-curley-former-sec-treasury-and-coinbase-policy-leader-as-head-of-global-regulatory-affairs/)

**Ondo Global Markets** has achieved a significant milestone, reaching over **$100 million in total value locked (TVL)** within just one week. The platform has now become the **largest platform for tokenized stocks and ETFs**, marking a major achievement in the tokenized securities space. This rapid growth demonstrates increasing institutional and retail adoption of tokenized traditional financial instruments on blockchain infrastructure. The milestone represents substantial progress from Ondo's previous achievements in the tokenized asset management sector.

Federal Reserve Vice Chair for Supervision Michelle Bowman advocated for a more progressive regulatory stance on blockchain technology at the Wyoming Blockchain Symposium. Key points from her address: - Regulators should move past overly cautious approaches - **Blockchain benefits**: Enhanced speed, safety, and operational efficiency in financial systems - **Tokenization advantages**: More efficient asset transfers vs traditional methods - **Regulatory framework needs**: Transparent, balanced rules that support innovation while maintaining stability This marks a significant shift in regulatory tone from the Federal Reserve toward blockchain and cryptocurrency innovation.