Ondo Files SEC Request to Add Blockchain Layer to Regulated Securities Platform

The CLARITY Act is approaching a critical milestone, requiring just one more vote to clear the Senate Banking Committee. This legislation aims to establish regulatory clarity for digital assets in the United States. **Key developments:** - Senate Banking Committee vote expected imminently - If approved, the bill could advance to the Senate floor by June or July - Senate Banking Chair Tim Scott has been driving the legislation forward since early May **Potential impact:** Passage would position the U.S. to establish clear regulatory frameworks for bringing traditional financial systems onchain. The legislation represents a significant step toward integrating blockchain technology into mainstream finance. The vote comes as part of broader efforts to make the United States a leader in digital asset regulation and innovation.

A major AI sector stock has surged **6x in price** since being tokenized on Ondo Global Markets, becoming the platform's second-largest tokenized stock with approximately **$70M in total value locked (TVL)**. This milestone comes as Ondo Global Markets recently crossed **$1 billion in TVL** in under 8 months, establishing itself as the leading tokenized stock and ETF platform with: - Over 70% market share - Tens of thousands of holders - $18B+ in cumulative trading volume - 260+ tokenized stocks and ETFs across Solana, BNB Chain, and Ethereum The platform has achieved what took stablecoins and tokenized Treasuries years to accomplish—in less than a year. By removing geographic barriers and legacy market constraints, tokenization is democratizing access to Wall Street's most in-demand assets, from AI and biotech to defense and energy sectors. Ondo's President Ian Debode projects tokenized stocks could reach **$2.5-3 billion by year-end 2026**, with the broader opportunity extending into the trillions as traditional brokerage assets move onchain.

**Tokenized stocks reached $1 billion in market capitalization in under a year**, marking the fastest adoption rate for any tokenized asset class to date. **Comparison of growth timelines:** - Stablecoins: ~3 years to $1B - Tokenized Treasuries: ~2 years to $1B - Tokenized Stocks: Under 1 year to $1B This milestone demonstrates accelerating institutional adoption of blockchain-based financial instruments. Traditional assets continue migrating onchain at increasing speed.

**Major financial institutions completed a pilot transaction settling tokenized U.S. Treasuries across borders in real time, outside traditional banking hours.** The transaction involved: - Ondo processing Ripple's OUSG redemption on XRP Ledger - Mastercard's Multi-Token Network routing instructions to Kinexys by J.P. Morgan - J.P. Morgan delivering USD to Ripple's Singapore bank account **This marks the first time a public blockchain and global banking infrastructure have settled a cross-border transaction of a tokenized fund together in real time.** The pilot demonstrates how tokenized assets can integrate with existing financial systems, enabling settlement across different banks, borders, and time zones without waiting for banking windows to open. The collaboration between Ondo, Ripple, Mastercard, and JPMorgan's Kinexys platform represents a step toward continuous, 24/7 global markets.

**Ondo Finance has expanded its tokenized securities offering to KuCoin Web3 Wallet**, making over 260 tokenized stocks and ETFs accessible to users. - This follows a similar integration with MetaMask wallet on BNB Chain earlier in April - Users can now access traditional Wall Street assets through their crypto wallets - The expansion represents growing adoption of real-world asset (RWA) tokenization in the crypto space Ondo Finance specializes in bringing traditional financial products on-chain, previously known for its tokenized US Treasury product OUSG.