Ondo Finance

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.

Ondo Finance has emerged as the dominant player in tokenized silver, with approximately 326,000 oz currently tokenized on-chain according to DefiLlama data. **Key Points:** - Ondo operates the largest tokenized silver product in the market - Silver is one of 250+ assets available on Ondo Global Markets - The platform maintains its position as the world's largest tokenized stocks platform Ondo's expansion into precious metals builds on its existing leadership in tokenized treasuries and stocks, where it manages over $2.5B in total value locked. The company's tokenized stocks platform alone exceeds $500M in TVL, surpassing all competing platforms combined. The growth in tokenized silver represents another step in bringing traditional assets on-chain, offering users direct exposure to precious metals through blockchain infrastructure.

Morgan Stanley, managing $9.7 trillion in client assets, has confirmed plans to support tokenized equities as part of their natural progression in asset offerings. **Key Points:** - Amy Oldenburg, Head of Digital Asset Strategy at Morgan Stanley, stated the firm views tokenized equities as an evolutionary step alongside traditional equities, ADRs, and ETFs - The announcement signals major institutional acceptance of blockchain-based securities - This follows similar sentiment from Nasdaq in December 2025, when they described tokenization as "the next evolution" after the shift from paper to electronic trading **What This Means:** Morgan Stanley's commitment represents a significant milestone for tokenized securities, as one of the world's largest wealth management firms publicly embraces blockchain-based equity instruments. The firm's matter-of-fact approach—treating tokenized equities as a logical next step rather than a radical departure—suggests growing mainstream acceptance of digital asset infrastructure in traditional finance. Source: [The Crypto Tape](https://twitter.com/GSR_io) via GSR and Frank Chaparro

Ondo has filed with the SEC seeking approval to integrate a blockchain layer into its Ondo Global Markets platform while maintaining existing regulatory frameworks. **Key improvements proposed:** - Enhanced collateral monitoring for OGM products - Streamlined creation and redemption processes - Simplified reconciliation across product offerings The filing represents a practical approach to combining public blockchain infrastructure with securities regulation, without altering current legal protections for customers.

The tokenized stocks market has reached $1 billion in value in less than 12 months, marking significant growth in blockchain-based traditional securities. **Key Points:** - Market grew approximately 2,900% year-over-year - Represents growing institutional adoption of tokenized financial products - Demonstrates increasing bridge between traditional finance and blockchain technology This milestone reflects broader trends in asset tokenization, where traditional securities are represented on blockchain networks for improved accessibility and efficiency.

The International Monetary Fund, which influences trillions in global trade across 191 member countries, has officially recognized tokenization as a **structural shift in financial architecture**. This marks a significant milestone as the world's most important financial institutions embrace tokenization as core infrastructure. **Key implications:** - Tokenization enables instant data transfer between brokers - Investors can easily compare and switch providers for better pricing - The IMF views this as essential infrastructure for modern financial markets The IMF previously highlighted tokenization's potential for creating more efficient, competitive markets in its Finance & Development publication. Read the full IMF analysis: [Finance & Development - Tokens](https://www.imf.org/en/Publications/fandd/issues/2025/09/back-to-basics-tokens-finance-newest-oldest-innovation-itai-agur)