Ondo Finance‘s native token pushed higher this week, trading around $1.10 after a nearly 10% intraday rise and more than 21% weekly gains. The move comes as the DeFi asset manager rolled out tokenized versions of U.S. stocks and ETFs and as reports surfaced that BlackRock is exploring putting exchange-traded funds onto public blockchains.
Ondo’s new Global Markets offering launched tokenized versions of over 100 U.S.-listed stocks, ETFs and equities on Ethereum. The platform’s onboarding of partners and advisors — including established names such as WisdomTree — helped attract roughly $160 million in total value locked (TVL) within nine days, signaling strong early traction.
Overall TVL for Ondo Finance has jumped sharply this year, growing from about $611 million at the start of 2025 to roughly $1.57 billion, according to on-chain data aggregators. That expansion reflects both fresh capital inflows and growing interest in tokenized real-world assets.
Investment analyst Lai Yuen of Fischer8 Capital told Decrypt that the rally is likely driven by “excitement around tokenized stocks.” He added that Ondo’s advisory board and compliance-first approach create a regulatory moat that could be hard for competitors to replicate; if the platform captured a modest share of equity markets, fee generation for token holders could be meaningful.
Why this matters: tokenized equities aim to broaden access and liquidity for traditional assets, and endorsement from major institutional players could accelerate adoption. That said, investors should note the usual risks — crypto market volatility, evolving regulation around tokenized securities, and custody/legal questions — which can affect prices and platform operations.
Source: Decrypt. Read the original coverage for full details.