ONDO Global Markets reaches $1B in tokenized stock TVL in 8 months
Summary
Ondo Global Markets has surpassed $1 billion in total value locked (TVL) for its tokenized stocks and ETFs in less than eight months, marking it as the fastest platform to reach this milestone in on-chain finance. The platform now holds over 70% market share in tokenized equities, offering more than 260 assets across various sectors and boasting a cumulative trading volume exceeding $18 billion. Deployed on Solana, BNB Chain, and Ethereum, Ondo has also integrated with Hyperliquid's HyperEVM. Tokenized stocks offer advantages like continuous trading and fractional ownership, attracting institutional interest due to favorable regulatory developments. The high volume-to-TVL ratio suggests frequent trading of assets on the platform. However, regulatory uncertainty remains a key risk for the continued growth of tokenized equities.
(Source:Crypto Briefing)