Ondo Finance to launch on Solana in 2026, ushering in the 24/7 tokenized trading era of US stocks

Real-world Assets (RWA) Sector Leader Ondo Finance Announces that it will launch its tokenized stock and exchange-traded fund (ETF) trading platform on the Solana blockchain in early 2026. This move means users will be able to trade US stocks and ETFs 24/7 with blockchain channels and near-instant settlement speeds. The plan builds on Ondo’s issued tokenized assets totaling $365 million and follows a key regulatory breakthrough— the U.S. Securities and Exchange Commission (SEC) has concluded its two-year investigation without filing any charges, clearing the way for its business expansion.

Strategic Upgrade: Why Solana? What Does 24/7 Trading Mean?

Ondo Finance’s entry into Solana is not just a simple multi-chain deployment but a carefully considered strategic upgrade. The choice of Solana is primarily due to its recognized high throughput, low latency, and extremely low network costs. For traditional financial assets like stocks and ETFs, which are highly sensitive to trading experience and costs, Solana’s tech stack can closely simulate or even surpass the clearing efficiency of traditional exchanges, achieving “near-instant settlement.” This addresses the core challenge of migrating high-frequency, large-value financial transactions onto the blockchain.

The platform’s promise of 24/7 trading represents a revolutionary breakthrough against the inherent limitations of traditional financial markets. The New York Stock Exchange, NASDAQ, and others have fixed opening and closing times, whereas blockchain is inherently continuous. This means global investors can trade based on new macroeconomic data, corporate earnings reports, or geopolitical events even after US markets close, greatly enhancing market efficiency and capital liquidity. Ondo aims to replicate the success of its flagship product OUSG (a tokenized US short-term government bond fund) in the broader equity asset market through this expansion.

This move is also a key step in Ondo’s user growth strategy. After deploying on BNB Chain in October 2025 to reach its 3.4 million daily active users, integrating into the Solana ecosystem will expose it to another large and active developer and user community. By lowering access barriers, Ondo is actively working toward its vision of enabling more retail and institutional investors to seamlessly access tokenized assets.

Key Development Data and Timeline for Ondo Finance

Core Business Data:

• Total Tokenized Assets: approximately $365 million (according to RWA.xyz, the industry’s largest issuer).
• Flagship Product OUSG TVL: over $780 million.
• Total RWA Market Size: nearly $7 billion (doubled since August 2025).

Regulatory and Compliance Progress:

• SEC Investigation: started in October 2023, officially concluded in November 2025 with no charges filed.
• Key Licenses: registered as an investment advisor and acquired SEC-regulated broker-dealer Oasis Pro Markets.
• European Access: approved by the Finnish Financial Supervisory Authority (FMA) to offer tokenized securities in 30 European countries.

Ecosystem Expansion and Partnerships:

• On-Chain Expansion: deployed on Ethereum, BNB Chain, with Solana launching in early 2026.
• SWEEP Plan: collaborating with State Street Global Advisors and Galaxy Asset Management to launch private tokenized liquidity funds.
• Strategic Investment: invested $25 million in Figure’s yield-bearing stablecoin YLDS to diversify and enhance income sources.

Regulatory Clouds Disperse: Strategic Significance of SEC Investigation Closure

Ondo Finance’s confident push into its ambitious expansion in early 2026 hinges critically on a clearer regulatory environment. In November 2025, Ondo officially received notice that the SEC had concluded its nearly two-year confidential investigation without recommending enforcement action. This investigation, initiated during former SEC Chair Gary Gensler’s tenure, focused on whether its tokenized US Treasury products complied and whether its governance token ONDO should be classified as a security.

The conclusion of the investigation is highly symbolic. It is seen as another reversal of the “regulation through enforcement” strategy that was prominent during the Biden administration, compared to the Trump era. Since the new SEC leadership, which is more crypto-friendly, took office, investigations or lawsuits against major crypto firms like Coinbase, Ripple, Kraken, and Ondo have been terminated. This sends a positive signal to the entire industry.

For Ondo itself, this is not just a clearance but a victory for its proactive compliance strategy. Even before the investigation ended, Ondo had obtained an investment advisor license and built a compliant infrastructure by acquiring SEC-regulated broker-dealer Oasis Pro Markets. This proactive embrace of regulation and pursuit of compliance have established significant trust advantages and competitive barriers among peers. The green light from regulators paves the way for its expansion of tokenized securities in the US and globally (such as access in 30 EU countries).

Ecosystem Building and Market Impact: The Early Form of Ondo’s “RWA Empire”

Ondo Finance’s ambitions go far beyond being an asset issuer. Through strategic layouts, it is building a comprehensive RWA ecosystem empire covering issuance, trading, liquidity, and yield aggregation. The upcoming stock/ETF platform on Solana is a key part of this, while its recent SWEEP plan reveals deeper ecosystem synergy.

The SWEEP plan, jointly launched with State Street Global Advisors and Galaxy Asset Management, is a private tokenized liquidity fund. Its clever design involves using Ondo’s flagship product OUSG as the anchor investor. This achieves multiple objectives: on one hand, OUSG can further diversify its underlying reserves through SWEEP, optimizing risk and return; on the other hand, OUSG holders will gain access to richer 24/7 on-chain liquidity from SWEEP. This creates a powerful network effect and liquidity flywheel.

Additionally, investing $25 million in Figure’s yield-bearing stablecoin YLDS demonstrates Ondo’s strategic thinking to diversify and strengthen its income streams. By integrating more diversified, income-generating underlying assets (such as mortgage-backed securities), Ondo aims to offer its token holders more attractive risk-adjusted returns. These initiatives collectively show that Ondo’s goal is to become the preferred infrastructure and liquidity hub connecting traditional high-quality assets with on-chain capital, rather than just a collection of isolated products.

RWA Sector Competition: The Dual Game of Compliance and Scale

Ondo Finance’s deployment on Solana undoubtedly elevates the already heated RWA competition. According to RWA.xyz, Ondo leads with an issuance volume of $365 million, far surpassing the second place (about $162 million, acquired by Kraken). This scale advantage not only enhances brand recognition and liquidity depth but also gives it more influence when collaborating with traditional asset giants like BlackRock and Franklin Templeton.

However, the core dimension of competition has shifted from purely technological innovation to compliance capability and ecosystem integration. Ondo’s early focus on compliance has been a major advantage. In contrast, many pure DeFi-native RWA protocols face greater legal hurdles when expanding into highly regulated asset classes like equities. Ondo’s broker-dealer license and investment advisor status form a short-term moat that is difficult to breach.

From a broader perspective, the tokenized US Treasury market has been preliminarily validated, and tokenized stocks/ETFs represent a market with at least an order of magnitude larger potential. If Ondo’s Solana platform succeeds, it will attract more traditional financial institutions and tech companies to accelerate entry, pushing the total value locked (TVL) of the entire RWA market toward hundreds of billions of dollars. This is not only an opportunity for Ondo but also a critical battleground for high-performance public chains like Solana in the race to become the “financial settlement layer.”

By launching its tokenized stock platform on Solana and advancing with unprecedented regulatory clarity, Ondo signals that the RWA narrative has moved from a promising concept to a stage of large-scale, compliant application. It is no longer just about mapping assets onto the chain but about building a more efficient, inclusive, and perpetual new paradigm for global financial markets. Its success or failure will test how much blockchain technology can truly reshape the securities trading rules that have been in place for centuries. For the industry, Ondo’s story clearly indicates: in the long race of RWA, which combines traditional financial depth with crypto market innovation, the winners will be those who can master complex regulation, build robust tech stacks, and deeply understand finance. In 2026, we may witness the official laying of the first skyscraper on on-chain Wall Street.