MEXC Expands Tokenized Equities Offering With 17 New Stock Pairs Through Ondo Finance

Core Insights - MEXC has expanded its tokenized equities offerings through a partnership with Ondo Finance, adding 17 new tokenized stock pairs and seven tokens linked to U.S. defense and energy companies [1][5] - The new tokens are ERC-20 assets on the Ethereum network, trading against USDT, with underlying shares held in regulated trust accounts and subject to quarterly audits [2][6] - The announcement includes various sectors such as technology, healthcare, and finance, with trading fees waived for the first 30 days [3] Tokenized Equities Expansion - The latest expansion marks the ninth addition to MEXC's tokenized equities product since its launch in September 2025 [6] - The newly introduced tokens include shares from companies like Lockheed Martin, RTX, ConocoPhillips, and Occidental Petroleum [5] - Assets issued through Ondo Finance currently represent approximately $2.66 billion in tokenized value, bridging traditional financial markets and digital asset trading [8] Industry Trends - The competition among crypto exchanges to tokenize equities has intensified, with platforms seeking to integrate digital asset trading with traditional financial instruments [10] - Other exchanges, such as Kraken and Gemini, have also entered the tokenized equities market, offering a range of major companies [11] - Despite the growth in tokenized equities, U.S. users still face limitations as regulators evaluate the supervision of blockchain-based securities [12] Future Directions - Several exchanges are moving towards direct equity trading services, with Kraken planning to offer trading in approximately 11,000 U.S.-listed stocks and ETFs [13] - The strategies of tokenization and brokerage-style equity trading are emerging as parallel approaches to bring stock market exposure into digital asset ecosystems [14]