Ondo Finance

Ondo Finance has implemented a significant upgrade for USDY on Sui Network. **Peer-to-peer USDY transfers on Sui now require no gas fees**, marking a notable development in tokenized treasury infrastructure. **Key Details:** - Gas-free P2P transfers for $USDY on Sui Network - Aims to reduce transaction costs for users - Part of broader effort to improve financial infrastructure accessibility This follows USDY's January 2026 launch on Sei Network, where it brought tokenized U.S. Treasury exposure to another high-performance blockchain. USDY represents one of the largest tokenized U.S. Treasuries by total value locked. The gas-free transfer feature addresses a common friction point in blockchain transactions, potentially making USDY more practical for everyday financial operations.

The Trump administration has allocated **$2 billion** to quantum computing companies through a grant program that includes equity stakes. Several recipients are already available as tokenized stocks on Ondo Global Markets: - **IBM** (IBMon) - **Rigetti** (RGTIon) - **D-Wave** (QBTSon) This strategic investment positions the U.S. in the global quantum computing race. **Tokenized versions** of these stocks make it possible for international investors to access the same opportunities the U.S. government is backing.

**Token Terminal** has published new research mapping Ondo's evolution as a leading real-world asset tokenizer: - **2023**: Launched OUSG (tokenized U.S. Treasuries) and USDY (tokenized dollar yield) - **2025**: Expanded into tokenized stocks and ETFs Ondo's trajectory reflects a broader shift: tokenization has moved from experimental thesis to foundational infrastructure for the next era of finance. Each product launch represents progress toward making financial markets more accessible and efficient. The research highlights how Ondo has consistently executed on its long-term vision of bringing traditional financial assets onchain, establishing itself as a key player in the tokenization movement that's reshaping how investors access U.S. capital markets.

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.

**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 and retail adoption of blockchain-based traditional assets.

**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.