Ondo Finance: Big Moves In Tokenized Finance

Ondo Finance has made significant strides in the tokenized assets space, reaching over $2.5 billion in assets locked up in their products. This milestone positions them as the top platform for tokenized U.S. Treasuries and stocks, according to data from RWA.xyz and DefiLlama.

Star Products Driving Growth

Ondo U.S. Dollar Yield (USDY)

• Tokenized Treasury Product
• Available on nine blockchains
• Designed for investors outside the U.S.
• Offers a stablecoin-like experience with yield
• Over $1 billion in TVL (Total Value Locked)

Ondo Short-term U.S. Government Bond Fund (OUSG)

• Over $770 million in TVL
• Round-the-clock subscriptions and redemptions
• Daily interest accrual
• Multi-chain support across Ethereum, Solana, XRP Ledger, and Polygon
• Portfolio includes tokenized funds from Fidelity, BlackRock, Franklin Templeton, WisdomTree, and Delta Wellington
• State Street Investment Management fund expected to join soon

Leading the Tokenized Stocks Market

Ondo is also the largest platform for tokenized stocks, holding more than 50% of the total market share. Since its launch in September 2025, Ondo Global Markets has surpassed:

• $500 million in total value across over 200 tokenized stocks
• Tens of thousands of asset holders have traded on the platform
• Over $7 billion in cumulative trading volume