Latest developments: In an interview with CoinDesk Live from the Ondo Summit, Ondo President Ian de Bode says 2025 marked a breakout year for its core businesses. The firm is now a leading issuer in tokenized U.S. Treasuries, with more than $2 billion in total value locked, according to president Ian De Bode. Its Global Markets platform for tokenized stocks and ETFs has reached roughly $600 million in TVL, giving Ondo about 60% market share in that niche, De Bode said. Ondo also highlighted partnershi ...

Robinhood CEO Vlad Tenev is advocating for the adoption of tokenized stocks as a way to modernize the U.S. equity market and help prevent another market disruption like the 2021 GameStop trading freeze, saying blockchain-based securities could provide greater trading continuity and resilience.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions ...

Core Viewpoint - Ondo Global Markets has expanded its operations to the Solana blockchain, enabling on-chain exposure to tokenized publicly traded securities, which enhances trading opportunities for users in the Solana ecosystem [1][3]. Group 1: Expansion and Offerings - Ondo Global Markets is now the largest and most liquid catalog of tokenized equities on the Solana blockchain, providing access to over 200 U.S. stocks and exchange-traded funds (ETFs) for the first time [2][3]. - The expansion allows more than 3.2 million daily active users within the Solana ecosystem to trade these tokenized assets [3]. Group 2: Liquidity and Trading Mechanism - Instead of relying on on-chain liquidity pools, Ondo utilizes the liquidity from major exchanges like NASDAQ and NYSE, enabling large trade sizes with minimal slippage [4]. - The trading process is facilitated by leading ecosystem infrastructure, such as Jupiter, which helps in discovering and executing trades seamlessly [4]. Group 3: Market Impact and Future Outlook - The introduction of tokenized stocks at brokerage prices provides Solana users with confidence in trading on-chain, marking a significant step in integrating real-world assets into the blockchain ecosystem [5]. - The Solana Foundation emphasizes the importance of real-world assets in the future of internet capital markets, indicating a broader trend towards the integration of traditional finance with blockchain technology [5].

Core Insights - xStocks has launched on the TON blockchain, allowing Telegram users outside the US to trade tokenized versions of US stocks and ETFs directly within the app, adding to the competitive landscape of tokenized stocks [1][4] - The trend towards tokenization of real-world assets (RWAs) is expected to grow by 2025, with various financial instruments appearing on blockchains to enhance liquidity [2][8] - Kraken's involvement lends credibility to xStocks, which previously faced competition from smaller, less recognized projects, and follows earlier initiatives in tokenized stocks on Telegram [5] Group 1: xStocks and TON - xStocks provides tokenized equities that mirror real stocks or ETFs, functioning like a "claim ticket" that tracks the price of actual shares [3] - By integrating with TON, xStocks allows users to trade on-chain stocks in a user-friendly chat interface, simplifying the trading process for beginners [4][6] - The platform has already accumulated around $180 million in assets across nearly 50,000 wallets on Solana and Ethereum, indicating significant interest in tokenized stocks [1] Group 2: Market Dynamics and User Access - The launch of xStocks represents a shift in access to US stocks, as users no longer need traditional brokerage accounts, allowing for self-custody of tokens [6] - Tokenized stocks on TON are part of a broader trend of RWA tokenization, which includes initiatives like JPMorgan's tokenized money-market fund, highlighting the intersection of traditional finance and crypto [8] - Users must understand the legal implications of holding xStocks tokens, as they represent creditor rights to collateral held by custodians, emphasizing the importance of the underlying legal framework [7]

RT Ondo Finance (@OndoFinance)New stocks are coming to @solana.With Ondo Global Markets, Solana will gain new real-world assets for the first time:✅ Gold ETFs✅ Silver ETFs✅ High-yield credit ETFs✅ Emerging market ETFs✅ Total U.S. market ETFs✅ Broad U.S. equity ETFs✅ International equity ETFs✅ Inflation-protected bond ETFs✅ Treasury and fixed income ETFs✅ Mid-cap and small-cap equity ETFsAlongside over a hundred tokenized stocks & ETFs, new assets span sectors including:✅ Payments stocks✅ Semiconductor stock ...

Real-world asset (RWA) issuer Ondo Finance is set to offer its tokenized stock and exchange-traded fund (ETF) trading platform on the Solana blockchain early next year, the project announced. The move will bring its growing catalog of tokenized financial products to one of the fastest blockchain networks, expanding access for retail and institutional investors alike. The platform will allow users to trade U.S. stocks and exchange-traded funds 24/7 through blockchain rails, with settlement happening in sec ...

Core Viewpoint - U.S. crypto exchange Kraken is acquiring Backed Finance AG to enhance its tokenization efforts, aiming to accelerate the global adoption of tokenized stocks and redefine asset ownership in the digital era [1][4]. Group 1: Acquisition Details - Kraken's acquisition of Backed Finance AG is part of its strategy to integrate services that bridge traditional equities with decentralized finance [1]. - The transaction is expected to strengthen Kraken's infrastructure for open and programmable capital markets, according to co-CEO Arjun Sethi [2]. - The financial details of the acquisition have not been disclosed [3]. Group 2: Strategic Goals - Kraken aims to unify issuance, trading, and settlement of tokenized assets under a single framework to ensure transparency and global accessibility [3]. - The company has made several acquisitions this year, including Breakout and NinjaTrader, as it prepares for a public offering [4]. - Sethi emphasized that the acquisition is about more than just providing exposure to U.S. equities; it is about redefining asset ownership in the digital age [4]. Group 3: Industry Context - Interest in tokenization among traditional finance firms has increased, with notable figures like BlackRock's Larry Fink advocating for its potential to transform capital markets [4]. - Franklin Templeton has been actively tokenizing assets across various blockchains for several years, indicating a growing trend in the industry [4].

Core Insights - JPMorgan is advancing in decentralized finance by tokenizing a private equity fund on its blockchain platform, setting the stage for its Kinexy's Fund Flow tokenization platform expected to launch fully next year [2][3] - The bank plans to tokenize various alternative assets, including private credit, real estate, and hedge funds, and is considering allowing clients to use fund tokens as collateral for borrowing or portfolio construction [2][3] - Anton Pil, head of JPMorgan's global alternative investment solutions, emphasized that real-time tri-party settlement will enhance liquidity and portfolio flexibility [3] Industry Developments - The GENIUS Act has created a regulatory framework for US dollar-backed stablecoins, promoting innovation in the token economy, while Europe is making strides with platforms like France's Lise Exchange and Switzerland's BX Digital [5] - Major banks, including Goldman Sachs and BNY Mellon, are exploring the issuance of a stablecoin pegged to G7 currencies, with Bank of America labeling tokenization as the next evolution in financial markets, referring to it as "mutual fund 3.0" [7]

DeFi & Tokenized Assets - Ondo Finance and BNB Chain are collaborating to discuss the future of DeFi and tokenized markets in an AMA [1] - PancakeSwap is partnering with Ondo Finance to introduce over 100 tokenized real-world assets (RWAs) including stocks, bonds, and ETFs on BNB Chain [1] Trading & Incentives - Tokenized assets can now be traded on PancakeSwap with zero fees for the first 30 days [2]

Core Insights - BlackRock, managing over $13 trillion in assets, is prioritizing tokenized ETFs, indicating a significant shift towards integrating traditional finance with decentralized finance [2] - CEO Larry Fink anticipates rapid growth in the crypto industry and emphasizes the need for regulatory clarity as the firm develops technology for tokenization [2] - The lack of legal and regulatory frameworks poses challenges for tokenization projects, particularly for ETFs and stocks on the blockchain [3] Group 1 - BlackRock's initiative to tokenize ETFs represents a major step towards mainstream adoption of decentralized finance, although full on-chain securities are still a distance away [4] - The transition to digital representations of ETFs can expedite transactions, but underlying stocks will remain off-chain, limiting immediate asset movement [4] - Concerns regarding infrastructure and cybersecurity are significant, especially for custodians holding on-chain assets, as breaches could lead to asset loss [4] Group 2 - Tokenized on-chain assets currently exceed $30 billion and are expected to enter public markets as regulatory support increases [4] - The regulatory environment has become more favorable since the Trump administration, alleviating fears among issuers about potential regulatory repercussions for using blockchain [4] - Proper licensing and technology are essential for conducting activities related to securities, contrasting with the more unregulated nature of the cryptocurrency space [4]