Ondo Finance Says Tokenization Took Over in 2025

• Ondo launched Global Markets with tokenized U.S. stocks and ETFs, reaching $2B volume and $370M TVL across Ethereum and BNB Chain.

• Regulatory expansion followed Oasis Pro acquisition, opening compliant onchain access to U.S. securities for investors across Europe.

• Institutional partners like Fidelity, BlackRock and JPMorgan supported OUSG as Ondo built cross-chain settlement and new infrastructure.

Tokenization dominated market discussions in 2025 as Ondo Finance outlined its progress bringing traditional assets onchain. According to Ondo Finance, the firm spent the year expanding regulated tokenized access to U.S. stocks, ETFs, and Treasuries. The updates detailed how Ondo built infrastructure, partnered with institutions and expanded access across the U.S. and Europe.

Ondo Global Markets Launch and Asset Expansion

At the start of 2025, Ondo Finance highlighted a $867 trillion tokenization opportunity tied to traditional financial assets. Notably, they focused on bringing institutional-grade real-world assets onchain. That effort led to the launch of Ondo Global Markets.

Ondo Global Markets introduced tokenized U.S. stocks and ETFs, fully backed one-to-one by offchain securities. According to Ondo, the platform launched on Ethereum and provided 24/7 access to over 100 assets. However, access also expanded through BNB Chain, reaching 3.4 million daily active users.

As activity grew, Ondo Bridge connected Ethereum and BNB Chain assets. Consequently, Ondo reported $2 billion in total volume and $370 million in total value locked. Over $1 billion traded during a single month, according to the company.

Regulatory Progress Across the U.S. and EU

Alongside product launches, Ondo Finance focused on regulatory groundwork. Notably, the firm acquired Oasis Pro, gaining SEC-registered broker-dealer, ATS, and transfer agent licenses. That structure supports regulated tokenized securities in the United States.

According to Ondo, regulatory approval also cleared access for European investors. More than 500 million investors across 30 European countries may soon access U.S. markets onchain. However, Ondo stated that compliance remained central to its expansion strategy.

The SEC later closed its investigation into Ondo without charges. Ondo also submitted open letters to the SEC, outlining a roadmap for tokenized securities.

Institutional Partnerships and Infrastructure Growth

As regulation advanced, Ondo expanded institutional partnerships. According to the company, Fidelity anchored a tokenized fund using Ondo’s OUSG Treasury product. BlackRock, Franklin Templeton, State Street, and WisdomTree also appeared within OUSG’s portfolio.

Ondo reported collaborations with Kinexys by J.P. Morgan and Chainlink on cross-chain settlement. PayPal’s PYUSD stablecoin also gained onchain conversion with OUSG. Mastercard, BX Digital, and Google Cloud joined broader infrastructure efforts.

To support growth, Ondo launched a $250 million Catalyst initiative, announced Ondo Chain, and acquired Strangelove. These steps expanded Ondo’s tokenization stack during 2025.