Ondo Finance Brings Tokenized U.S. Stocks and ETFs to Solana in 2026
- Ondo Finance has announced it will launch its tokenized stocks and ETFs on Solana early next year after debuting on Ethereum in September.
- Despite the announcement, ONDO dipped by 10% in the past day to trade just above $0.4 amid a broader market downturn.
Ondo Finance is set to launch its tokenized stocks and ETFs platform on Solana early next year. The company, which brings traditional assets like treasuries and stocks onchain, will roll out its Global Markets platform on Solana, enabling investors to access these tokenized assets 24 hours a day.
“Wall Street liquidity meets internet capital markets,” the company stated in its announcement.
The move marks Ondo Finance’s third blockchain network after launching Global Markets on Ethereum in September, in what the company called “the largest launch of tokenized equities in history.” It gave non-US investors instant 24/7 access to tokenized U.S stocks, treasuries, money market funds, ETFs and other securities. At launch, it offered over 100 stocks, with the company announcing plans to expand access to 1000+ within a few months. A month later, it debuted on BNB Chain.
For Solana, the launch marks yet another step in its evolution from a payments-first network into financial infrastructure. Solana has become a leader in tokenization, with global giants like JPMorgan issuing commercial paper on the network, while trillion-dollar asset manager Franklin Templeton operates one of the world’s premier tokenized money market funds on the network, as we reported earlier.
The announcement had little impact on Solana’s price, which dipped 4.7% in the past day, mirroring a wider market correction that shed $140 billion from the overall market cap. SOL trades at $126.5 at press time for a $71.09 market cap. Despite the price drop, the token continues to attract high investor interest, with the trading volume surging 70% in the past day to top the $5 billion mark, the fifth-highest in the market.
Tokenization Race Heats Up – Can Ondo Finance Maintain Dominance?
Ondo Finance’s expansion to Solana opens up its platform to millions of new users; on-chain data consistently ranks Solana among the top networks for active daily users. As reported by CNF, the company launched on BNB Chain in October in its quest to dominate the tokenization sector, which is projected to hit $16 trillion by 2030.
According to data from rwa.xyz, Ondo Finance is the runaway leader in the tokenization of public stocks, whose value currently stands at $670 million. Ondo controls over half the market with $357 million worth of tokenized stocks on its Global Markets platform.
At $160 million, Backed Finance ranks a distant second, with Securitize and WisdomTree in the top five. However, Backed Finance was acquired last month by Kraken, one of the leading global exchanges. Kraken plans to add the platform’s tokenized assets to its trading platform, opening it up to a vast pool of investors that could enable it to compete with Ondo Finance.
Overall, the total value of tokenized real-world assets stands at $18.6 billion, with Ethereum controlling over 65% of the market.
The latest expansion failed to boost ONDO’s price, which lost 10% in the past 24 hours to trade at $0.4077. The token has been on a downward spiral in the past week, shedding over 14% despite hitting a new high in total value locked at $1.92 billion. Speculative trading on ONDO has also dipped, with open interest nearing a 12-month low at just over $114 million.
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