Ondo Global Markets Tops $1B TVL, Holds 70% Market Share

Ondo Global Markets, the tokenized securities arm of ONDO Finance, reached $1 billion in total value locked in tokenized U.S. stocks and ETFs in under eight months from launch. The company reported it held more than 70% of the market for tokenized equities as of May 2026.

The platform reported cumulative trading volume exceeding $18 billion across the blockchains it supports. Ondo operates on Solana, Ethereum and BNB Chain and offers onchain access to more than 260 tokenized U.S. stocks and exchange-traded funds spanning multiple sectors.

TVL on the platform rose from roughly $500 million in January 2026 to $1 billion by May 2026, effectively doubling in about four to five months. Ondo reported that tokenized stocks TVL increased at a faster pace than stablecoin TVL during 2026.

Tokenized stocks are blockchain-based tokens that represent claims on actual U.S. securities held by regulated custodians. The tokens allow fractional ownership and continuous trading outside standard market hours, while the underlying securities remain offchain under custodian control. Users on Ondo’s marketplace must complete know-your-customer and anti-money-laundering checks.

Under the custodial arrangement, regulated custodians and intermediaries hold legal title to the underlying securities while token holders hold contractual or custodial claims. That structure creates counterparty risk not present with fully onchain native assets.

Other traditional asset managers launched tokenized products this year, including a tokenized treasury fund and a blockchain-based money market fund. Market participants point to Ondo’s cumulative $18 billion in trading volume and its reported market share as evidence of liquidity emerging in the tokenized equities market.

Ondo’s multi-chain deployment and its catalog of tokenized securities are cited by market participants as factors supporting trading activity and liquidity. The company’s reported figures provide a data point on adoption and scaling of tokenized versions of traditional assets when custody, regulatory and technical infrastructure are in place.