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BTC 
ETH A year to redefine tokenized stocks
On the first anniversary of Ondo Stocks launch, we look back on this milestone. The agreement was launched in September 2025 and aims to give non-U.S. investors round-the-clock access to U.S. stocks on the chain. After twelve months of development, the platform has gone far beyond the proof-of-concept stage and established itself as a dominant force in a market that barely existed a year ago.
According to Crypto Briefing, Ondo Stocks proposed a simple and clear plan when it launched in September 2025: allowing non-U.S. investors to minte and redeem tokens representing U.S. stocks for round-the-clock trading. The agreement builds institutional-level settlement infrastructure on mainstream public chains such as Solana, Ethereum and BNB Chain, allowing investors to maintain stock exposure during traditional market closures.
From the US$100 million market to nearly US$3 billion
Since Ondo entered the space, the broader tokenized stock market has expanded rapidly. The total value distribution of tokenized stocks increased from approximately US$2 million in June 2025 to approximately US$486 million at the end of the first quarter of 2026, and soared to between US$2 billion and 2.5 billion in mid-July 2026. Data shows that as institutional and retail demand for exposure to stocks on the chain accelerates, the market size has increased nearly 23 times from approximately US$100 million to nearly US$3 billion.
Ondo played a leadership role in this process. The tokenized stock market has quietly become a $2.3 billion sector, and Ondo Finance ranks first, accounting for approximately 34% of the entire market value. According to statistics from some data trackers, Ondo's market share among specialized equity tokenization issuers may even be as high as 58% to 70%.
In May 2026, the platform ushered in its first US$1 billion milestone. It took Ondo Finance only about eight months from launch to reaching a US$1 billion total locked position (TVL). As of now, the cumulative trading volume of tokenized stocks on Ondo Finance has exceeded US$27 billion.
Regulatory progress and industry expansion
With the growth of market size, important progress has also been made in regulatory compliance. Earlier this year, Ondo Finance launched its first implementation that is consistent with the U.S. Securities and Exchange Commission's third-party escrow tokenization model, using BlackRock's IVV ETF and Micron shares as the first underlying securities. Ondo said this is the first production environment deployment of the SEC's custody tokenization model, demonstrating that blockchain-based securities can be integrated into current U.S. regulatory and custody frameworks.
At the same time, the broader field of investable real-world assets (RWA) is also expanding. Of the approximately 300,000 new RWA wallets in all categories in 2026, 74% come from tokenized stocks. This suggests that on-chain stocks are becoming the main entry point for new participants to enter this class of assets. With its leading position in total locked volume, transaction volume and market share, Ondo's first anniversary comes as the infrastructure it has built is gradually transforming from a niche experiment to the underlying cornerstone of global equity access.
