Ondo Global Markets Tops $1B TVL in Tokenized Stocks

Ondo Global Markets reached $1 billion in total value locked across tokenized stocks and ETFs in under eight months. The platform reported more than $18 billion in cumulative trading volume and its market share in tokenized equities exceeds 70%.

The platform is deployed on Solana, BNB Chain and Ethereum. Ondo recently connected to Hyperliquid’s HyperEVM via the Ondo Bridge, allowing its tokenized shares and ETFs to enter Hyperliquid’s trading infrastructure.

Ondo lists more than 260 live assets across sectors including artificial intelligence, biotechnology, defense and energy.

Tokenized stocks on Ondo trade continuously outside U.S. market hours and allow fractional ownership, which lowers the barrier to expensive individual shares. Institutional allocators and retail investors in emerging markets have participated in the market.

The platform’s $18 billion in cumulative trading volume compared with $1 billion in TVL yields an approximately 18x volume-to-TVL ratio. That ratio indicates high asset velocity, meaning many tokens are traded frequently rather than held. High turnover can affect liquidity, fee revenue and market behavior on the platform.

Regulatory treatment of tokenized equities varies across jurisdictions. The U.S. Securities and Exchange Commission and other regulators will influence how widely these products can be offered and used. Recent regulatory developments increased comfort among some large allocators; changes in policy or enforcement could alter market access.

Market participants are tracking Ondo’s growth metrics, its cross-chain integrations such as HyperEVM access, and regulatory developments to assess adoption of tokenized equities.