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XLM Ondo's tokenized product platform is growing rapidly, surpassing the size of its own assets.
In the past 30 days, the number of holders of Ondo's tokenized products has increased by 15.7% to 192,056; monthly transfers have jumped 27.8% to US$2.76 billion. Activity growth exceeds the size of assets under management, indicating that demand is expanding rather than just following price fluctuations.
Tokenized stocks drive new user growth
The most obvious growth signal comes from the platform's stock sector. Nvidia products alone have accumulated more than 20,600 holders, Tesla has more than 12,200 holders, and almost all stock products on the platform have shown growth in holders. The platform currently lists more than 260 tokenized U.S. stocks and ETFs on three blockchains. Tokenized stocks have become the fastest-growing asset class on Ethereum in 2026, and Ondo is a leader in this space. Ondo Finance has a 39.4% market share in the tokenized stock sector, and although competitors are closing the gap, Ondo still dominates the issuance of tokenized stocks.
There are structural factors behind this growth story that are worth noting. Each token is fully backed by the underlying securities, deposited at a registered broker in the United States, and tracks the total return, including dividends.
Ethereum leads, but multi-chain landscape expands
Ethereum remains the main carrier network for the platform's value, accounting for 53% of the total value, or US$1.9 billion. Stellar ranked second with $533.7 million, and BNB Chain contributed $345.4 million. Multi-chain distribution reflects a deliberate strategy to avoid concentration of liquidity in a single network. Ondo Global Markets exceeded US$1 billion in total locked positions within eight months of its launch, a milestone that highlights the platform's development trajectory. It took about three years for stablecoins to reach US$1 billion, about two years for tokenize treasury bonds, and only eight months for tokenize stocks.
Looking ahead, Ondo Finance President Ian De Bode predicts that tokenized shares will reach US$3 billion by the end of 2026. The latest holder and transaction volume data suggests that this goal is within reach, and user-level demand is now a key driver alongside institutional capital inflows.
