Ondo Tokenized-Stock Platform Tops $5.5 Billion in Trading Volume as AI Shares Draw Onchain Demand

Tokenized equities, which represent shares of publicly traded companies on blockchains, are emerging as a fast-growing segment of the real-world asset market. The products can offer round-the-clock transfers and integration with decentralized finance, while giving crypto platforms another route into traditional capital markets. Their expansion signals rising demand for regulated, blockchain-based exposure to established securities.

The market value of tokenized equities reached $2.8 billion in 2026, lifting their share of on-chain real-world assets to 15%, triple the level at the start of the year. Ondo Finance, Binance and xStocks together controlled 77% of the segment, underscoring the concentration of issuance and distribution among a small group of platforms as the market expands.

The tokenization of real-world assets, or RWAs, is a major trend bridging traditional finance and Web3. Ondo Finance, a leading name in the sector, has long focused on tokenizing high-quality assets such as U.S. Treasuries. Because traditional securities trading depends heavily on central depositories, the ability to connect tokenized assets with established clearing systems while safeguarding legal rights has become a key dividing line for large institutional investors considering entry into the market.

Ondo Finance announced on July 15, 2026, the launch of what it called the first tokenized stocks backed by entitlements at the U.S. Depository Trust Company, initially supporting Circle shares and an S&P 500 ETF. The project connects the tokenized securities to the established depository system through U.S. broker Alpaca Markets. The compliance breakthrough sent the ONDO token up 17% within 24 hours.

Tokenized stocks map shares in publicly listed companies, or the economic rights attached to them, onto a blockchain, allowing investors to trade them on-chain and use them in DeFi. The asset class is a key segment of the real-world asset market, and its growth shows that traditional financial products are moving more rapidly onto programmable blockchain infrastructure capable of supporting cross-border transfers.

The total on-chain value of tokenized stocks surpassed $1 billion as of March 10, 2026, up about 2,900% over the past year, according to RWA.xyz. Ondo held a market share of about 58% and xStocks about 24%, giving them a combined 82%. Cumulative trading volume in stocks and ETFs offered through 1inch’s integration with Ondo also topped $2.5 billion on March 6.

Tokenized stocks represent interests in US equities as blockchain tokens, allowing investors to gain exposure to traditional assets through cryptocurrency exchanges. MEXC and Ondo Finance began offering the products in September 2025. The tokens use Ethereum’s ERC-20 standard, while the underlying shares are held in regulated trust accounts and audited quarterly. Ondo had issued about $2.66 billion in assets at the time of reporting.

On March 3, 2026, MEXC announced its ninth batch of listings, adding 17 spot trading pairs spanning technology, healthcare and finance, with zero trading fees for the first 30 days. On March 4, it listed another seven tokenized defense and energy stocks, including Lockheed Martin, RTX, ConocoPhillips and Occidental Petroleum. Withdrawals opened on March 5.

Ondo Finance packages U.S. stocks and ETFs as equity-linked notes and puts them onchain, a form of real-world asset (RWA) tokenization that gives investors access to traditional securities through crypto platforms. Binance halted its stock token service in 2021 amid regulatory pressure in the UK and Germany. As it returns to the sector, the global tokenized stock market has surpassed $1 billion.

On February 24, 2026, Binance listed 10 Ondo tokenized stocks, ETFs and commodity-linked products on its Alpha platform, including Apple, Nvidia and Invesco QQQ. The products are not available to U.S. users. On March 3, the Financial Services Regulatory Authority of Abu Dhabi Global Market approved them for trading on Binance’s regulated market. Ondo has recorded more than $11 billion in cumulative trading volume and over $600 million in total value locked.