Ondo Finance to Offer Tokenized U.S. Stocks, ETFs on Solana Early Next Year

Core Insights - Ondo Finance is launching a tokenized stock and ETF trading platform on the Solana blockchain early next year, enhancing its offerings in the real-world asset (RWA) sector [1] Company Overview - Ondo Finance has issued approximately $365 million in tokenized assets, positioning itself as the largest operator in the RWA industry [3] - The second-largest participant, Backed Finance, has around $162 million in tokenized assets and was recently acquired by Kraken [3] Market Expansion - The integration with Solana follows Ondo's recent expansion to the BNB Chain, which has increased access to 3.4 million daily users [4] - The market for tokenized real-world assets has more than doubled since August, approaching a total value locked of nearly $700 million [4] Regulatory Environment - Ondo has benefited from a favorable regulatory environment, as the U.S. Securities and Exchange Commission recently closed a confidential investigation into the company without filing charges [4]