Ondo Finance

**Major institutions moved tokenization from pilot to production this week:** - **UK launches 54-firm taskforce** - BlackRock, Goldman Sachs, JPMorgan, and Morgan Stanley join HM Treasury initiative targeting £33B annual output by 2035 - **GENIUS Act framework complete** - Federal agencies finalized stablecoin rules covering capital, reserves, and redemption standards - **Tokenized RWA market nears $35B** - Nearly tripled year-over-year across treasuries, credit, and equities - **Ondo joins DTCC initiative** - First tokenized stocks based on DTC tokenized entitlements, alongside BlackRock and J.P. Morgan - **SBI Group partnership** - Ondo to tokenize Japanese assets with JPYSC stablecoin settlement From London to Washington to Tokyo, tokenization infrastructure is being built by the institutions that run traditional finance.

**Traditional market hours are becoming obsolete.** While Wall Street closes at 4 PM on Fridays, Ondo Finance now offers continuous trading access to major stocks and ETFs. **Key offerings:** - Six tokenized assets trading 24/7 on PancakeSwap (BNB Chain) - Available products: SPY (S&P 500), QQQ (Nasdaq 100), NVDA (Nvidia), TSLA (Tesla), GOOGL (Alphabet), and CRCL (Circle) - Trading continues through weekends and holidays **The shift:** Investors can now access major equity exposure outside traditional market hours, removing time constraints from stock trading.

Ondo Finance has partnered with SBI Group, a major Japanese financial institution, to tokenize Japanese assets and distribute them across SBI's ecosystem. **Key Details:** - Settlement will use the JPYSC stablecoin - SBI Group manages over $200 billion in assets - Partnership aims to connect Japan's capital markets to onchain finance Ondo CEO Ian De Bode noted that Japan represents one of the world's most sophisticated capital markets, with SBI at its center. SBI's CEO Yoshitaka Kitao recognized Ondo as a global leader in real-world asset tokenization. This follows SBI's 2025 partnership with Chainlink for similar tokenization initiatives. Full details: [ondo.finance/blog](https://ondo.finance/blog/ondo-partners-with-sbi-group)

Ondo Finance's complete range of tokenized stocks is now available on RWA Inc's index platform. This follows Ondo's June integration with Uniswap, which brought their tokenized stocks and ETFs to one of the largest decentralized exchanges. The company continues expanding access to real-world assets through blockchain infrastructure. **Key Development:** - Full catalogue of Ondo's tokenized equities now searchable and trackable via RWA Inc - Builds on growing momentum for tokenized securities in decentralized finance The move represents another step in making traditional financial instruments accessible through onchain platforms.

**Ondo Finance is participating in WebX 2026 in Tokyo**, where representative Ian Debode will join SBI Onchain's Kefei Lin for a fireside chat focused on building next-generation financial infrastructure. **Key Discussion Points:** - Development of tokenized financial rails - Infrastructure for digital asset integration - Collaboration between traditional finance and blockchain technology The conversation builds on Ondo's ongoing dialogue with major financial institutions, following similar discussions at Sibos with Deutsche Bank, Société Générale-Forge, and Euroclear. *Further updates expected from the Tokyo event.*

The SpaceX IPO became a critical test for tokenized stock platforms, with most failing to meet demand. **What Happened:** - Competing platforms refunded over $1B in customer orders due to allocation failures - Ondo Global Markets successfully delivered SpaceX tokenized stocks (SPCXon) on IPO day - The token gained thousands of holders and millions in TVL within minutes of launch **Why It Matters:** Ondo's success came from its liquidity model that connects directly to traditional markets, allowing real-time access to public market liquidity. This infrastructure proved essential when demand surged. The stress test revealed a clear divide: platforms with genuine market connectivity can scale, while those without break under pressure.

**Regulatory frameworks are finally enabling institutional adoption of tokenized securities.** Ondo Finance's Ian DeBode explains how two key pieces of legislation are removing barriers: - **GENIUS Act** (passed): Established framework for stablecoins - **CLARITY Act** (tracking ~70% odds): Will do for tokenized securities what GENIUS did for stablecoins The impact is already visible. Institutional conversations that previously ended with "we need regulatory clarity first" are now moving forward. **Key takeaway**: Prepare for tokenized securities to coexist alongside traditional securities. With compliant pathways now established, trillions in institutional capital that was waiting on the sidelines can finally move onchain. The fintech pipeline is real, and the missing piece—regulatory clarity—has arrived.

Ledger Wallet now supports native swapping of tokenized stocks through a partnership with 1inch and Ondo Global Markets. **Key Features:** - 260+ tokenized stocks available for self-custody - Gasless execution via 1inch intent-based swaps - Hardware-backed clear signing for security This integration follows Ondo's recent expansion across multiple platforms. The tokenized stock category has shown significant growth, particularly on BNB Chain where Ondo Global Markets surpassed $1 billion in TVL. The platform has recorded over $5 billion in cumulative trading volume since launching on BNB Chain in October. Ondo tokenized stocks are also expanding utility as collateral on platforms like Euler Finance and the upcoming OndoPerps integration.

**SpaceX has officially gone public in what's being called the largest IPO in history, with tokenized shares available from day one.** The company's tokenized stock, **SPCX**, is now trading on Ondo Global Markets, marking a significant milestone in bringing traditional securities on-chain. Investors can trade SPCX using USDT on the Fizen platform. This represents a major step forward in the convergence of traditional finance and blockchain technology, as one of the world's most valuable private companies enters public markets with immediate tokenized access.

**Tokenized equities reached a record $3.57 billion in daily trading volume**, marking a significant milestone in institutional adoption of onchain markets. **Key developments:** - Tokenized real-world assets (RWAs) surpassed $34B in total value with over 815,000 holders - Tokenized U.S. Treasuries lead the category at $15B - Solana's RWA ecosystem grew 43% in Q1 2026 to $2B, driven by tokenized stocks, ETFs, and commodities **Institutional expansion:** - [Franklin Templeton partnered with DigiFT](https://www.ledgerinsights.com/franklin-templeton-taps-digift-to-distribute-benji-tokenized-mmf-in-asia/) to bring its BENJI money market fund to Asian investors - [SocGen and flatexDEGIRO joined Seturion](https://www.ledgerinsights.com/socgen-partners-boerse-stuttgart-settlement-platform-seturion-for-tokenization/), Boerse Stuttgart's tokenized securities platform, opening access to 3.5M retail investors across 16 European countries The data shows traditional finance institutions are building infrastructure for tokenized assets across multiple regions and asset classes.