Ondo Finance, the issuer of real-world assets (RWA), plans to launch its tokenized stock and exchange-traded fund (ETF) trading platform on the Solana blockchain early next year, as announced by the project.
This development will extend its diverse range of tokenized financial products to one of the fastest blockchain networks, enhancing access for both retail and institutional investors. Users will have the ability to trade U.S. stocks and exchange-traded funds 24/7 via blockchain technology, with settlements occurring in mere seconds.
According to data from RWA.xyz, Ondo has issued approximately $365 million in tokenized assets, establishing it as the leading entity in the sector. Backed Finance, the second-largest player with about $162 million in tokenized assets, was acquired by Kraken earlier this month.
Ondo’s integration with Solana follows its October expansion to the BNB Chain, giving access to 3.4 million users daily. The overall market for tokenized real-world assets (RWAs) has surpassed $700 million in total value locked, having more than doubled since August.
The platform’s growth has also been supported by favorable regulatory conditions. Recently, the U.S. Securities and Exchange Commission concluded a confidential investigation into Ondo without filing any charges.
