Ondo (ONDO)

Tokenized stocks are becoming the most important RWA category to watch. I think ONDO Global Markets is the clearest proof so far. Because tokenization only matters if the asset can actually trade with depth. A lot of RWA products look good on paper but fail on liquidity. They are tokenized, but not liquid. @OndoFinance takes a different route. – 1:1 exposure to U.S. stocks/ETFs. – Backed through traditional broker-dealer/custody rails. – Mint/redeem connected to real NYSE/Nasdaq liquidity. – 24/7 onchain transferability. – Expanding voting/shareholder communication via Broadridge. – Multi-chain access across Ethereum, BNB Chain, Solana. This is why I see Ondo’s model as stronger than pure synthetic stock tokens or thin onchain pools. It wraps existing market depth into crypto rails. That matters because tokenized equities are beyond just RWAs. It’s a direct bridge between the largest capital market in the world and onchain users who want global access, faster settlement, fractional exposure, and DeFi composability. In simple term: ONDO delivers Wall Street liquidity + depth on blockchain rails with global 24/7 access. The numbers already show demand: The tokenized equities sector has seen explosive growth and is now a breakout RWA category. [1] Sector-Wide: – Distributed Value: $2.19B, +48% in the last 30 days. – Holders: ~407K, +17%. – Monthly Transfer Volume: $8.31B, +104%. – Total RWAs: 2,588. [2] Ondo Global Markets Specific: – TVL: $878M → leading position with ~39.6% market share. – Global Markets has expanded from 100+ assets at launch to 405+ tokenized stocks/ETFs. – Strong concentration in high-interest names: CRCLon (~$96.5M), IVVon (BlackRock S&P 500 ETF), MUon (Micron), NVDAon, SPYon, QQQon, TSLAon, etc. – Cumulative volume: ~$17.9B+ across dashboards. – Significant CEX holdings (e.g., Binance, Bitget) alongside onchain activity. – Rapid holder growth and active trading in liquid assets. The important part are about volume, holder growth, secondary activity, asset breadth, and how close the token tracks the underlying stock. That is where Ondo has been strong. CRCLon, NVDAon, SPYon, IVVon, TSLAon, MUon, QQQon… these are names with real demand, real liquidity, and real user intent. So the core thesis must be that simple: Tokenized stocks are the next major RWA growth leg after stablecoins and Treasuries. Stablecoins proved that dollars can move better onchain. Treasuries proved that yield can be distributed onchain. Tokenized equities are the next step since they bring global access to U.S. market exposure on crypto rails. Ondo is positioned well because it combines 3 things that usually do not come together in crypto: – TradFi liquidity. – Regulatory structure. – Onchain composability. That combination is the moat. The bull case is clear: more assets, more chains, more CEX/DEX integrations, more DeFi collateral use, and eventually deeper institutional rails. So I’d treat it as a market-structure bet. If tokenized stocks become a core part of onchain capital markets, the winners will be platforms that solve liquidity, compliance, and distribution at the same time. Right now, Ondo is one of the few that actually checks those boxes.

When tokenized stocks allow everyone to trade US equities just like crypto, what capabilities do you most expect from the underlying platform? Higher liquidity, a more comprehensive compliance framework, or more efficient capital utilization? Tell us what key information you read from this chart 👇 https://t.co/QkqG57DcoZ

Wow! $2Billion in volume already on Ondo 👀 https://t.co/l2ZG3zPPoa

Everyone sees $3 million in rewards. Almost nobody sees what the rewards are actually buying. Ondo is paying to bootstrap liquidity on the first perps platform for US equities, indices, and commodities that runs 24/7 and permissionless. $150K USDC in week one alone, paid straight into trading accounts with no claim process. Incentives fade, but liquidity stays. Every trader chasing the rewards pool this month is deepening the order books that make tokenized stock perps viable long term. That is the real trade here. The people who read the docs always buy before the people who read the price. @OndoFinance @OndoPerps $ONDO

The more data $ONDO releases, the stronger the story gets. Across CRCL, Google, Nvidia, Tesla, QQQ and SPY, ONDO consistently delivered 2x to 46x lower execution costs than competing platforms. A $100K CRCL trade cost just $26 on ONDO vs $1,168 elsewhere. A $100K Google trade: $50 vs $1,546. A $100K Nvidia trade: $39 vs $754. This isn't just about putting stocks onchain anymore. ONDO is proving why traders will choose its infrastructure over everyone else's.

It's been an extremely busy week for RWA Markets: - Ondo Perps has gone live, overtaking Lighter in volume - Variational RWA volume exceeds $250m daily - GM trade leads FX pairs for vol & OI - The new RWA Markets site is nearly ready 👀 Here's what this week's data shows 👇 https://t.co/IpqiBzPGXx