Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
FollowingIVVon tops the list in market value of tokenized ETFs
IVVon issued by Ondo Finance has become the largest tokenized ETF with market value, successfully surpassing competitors against the background of accelerating demand for traditional financial products on the chain. IVVon packaged BlackRock's iShares Core S&P 500 ETF into a blockchain-native token, with a market value of approximately US$70 million distributed across the Ethereum network.
This figure is more than three times the market value of IVVon at the beginning of the year (approximately US$22 million). According to Ondo Finance, the asset currently accounts for approximately 12% of the total market value of tokenized ETFs. It has surpassed its closest competitors-IBITon (market cap of $47.8 million) and SPYx (market cap of $47.6 million). Each token is backed by BlackRock IVV shares on a 1:1 basis, and daily audit reports verify whether the underlying assets match the tokens in circulation.
The ecological expansion behind the data
The rise of IVVon reflects the broader ecological construction of the Ondo platform. As of mid-2026, Ondo's global market has expanded to more than 440 tokenized U.S. stocks and ETFs, covering Ethereum, Solana and BNB Chain. The cumulative transaction volume of the platform has exceeded US$9 billion, with tens of thousands of global holders, most of whom are located outside the United States.
The platform also introduced new infrastructure to support growth. In June 2026, Ondo launched a 7×24 hour instant casting and redemption feature for tokenized U.S. stocks and ETFs that eligible users can cast and redeem at any time, including weekends and U.S. public holidays. On the regulatory front, in July 2026, Oasis Pro Markets obtained authorization from FINRA to offer a broader range of tokenized stock and fund products to U.S. investors under applicable securities market oversight.
The tokenized ETF market as a whole has also expanded significantly. IVVon helped drive the growth of the tokenized ETF category from approximately $430 million in May to more than $500 million. This momentum suggests that the tokenization of traditional financial assets is moving from niche experiments to more mature areas of decentralized finance.
