Ondo Finance becomes largest provider of tokenized Treasuries and stocks

Core Insights - Ondo Finance has surpassed $2.5 billion in total value locked (TVL) across its tokenized products, making it the largest platform for tokenized U.S. Treasuries and tokenized stocks [1] Group 1: Tokenized U.S. Treasuries - Ondo leads the tokenized U.S. Treasury market with a TVL of approximately $2 billion, primarily driven by the Ondo U.S. Dollar Yield (USDY) product, which has exceeded $1 billion in TVL [2] - USDY is designed for global (non-U.S.) investors, offering a stablecoin-like experience with yield and is available on nine blockchains [2] - The Ondo Short-term U.S. Government Bond Fund (OUSG) has also seen significant growth, holding over $770 million in TVL and providing features such as round-the-clock subscriptions and redemptions, daily interest accrual, and multi-chain support [3] Group 2: Tokenized Stocks - Ondo is the largest platform for tokenized stocks, accounting for more than 50% of the total market share, despite entering the market later than competitors [4] - Since its launch in September 2025, Ondo Global Markets has surpassed $500 million in total value across more than 200 tokenized stocks, with tens of thousands of asset holders generating over $7 billion in cumulative trading volume [4] - The tokenized stocks are available on Solana, Ethereum, and BNB Chain, supported by major wallets, custodians, and exchanges [5]