Ondo Finance expands tokenized U.S. stock services to Solana Chain
All-weather casting and redemption functions are officially launched
Ondo Finance has extended its 24/7 all-weather on-chain casting and redemption services to the Solana network, completing the multi-chain deployment launched in Ethereum and BNB Chain in late June 2026. This move brings continued liquidity to the expanding portfolio of tokenized stocks and ETFs, allowing users around the world to settle positions at any time, including non-traditional trading hours.
Substantial changes brought about by the upgrade
Before this deployment, although the Ondo platform already supported the transfer of tokenized securities at any time, the casting and redemption (i.e., the creation and cancellation of positions) were still limited by the trading hours of the U.S. market. The upgrade removes this restriction and allows eligible users to minte or redeem tokenized shares at current market prices at any time, including weekends and public holidays.
Related assets currently supported include $SPYon,$Qon,$NVDAon and $TSLAon. These tokenized products are the most actively traded on the platform, and more assets are expected to be added in the coming weeks.
The system is driven by Ondo\'s Nexus infrastructure, which handles the creation and redemption of on-demand, price-linked tokens backed by actual securities held by brokers. Chainlink\'s price oracle provides real-time pricing data, making continued redemptions technically possible.
Scale and competitive landscape
Ondo Global Markets currently offers more than 430 tokenized stocks and ETFs on Ethereum, Solana and BNB Chain. The platform claims to be the first platform in the tokenized stock space with a total locked value exceeding US$1 billion, exceeding the combined value of other competing platforms. In addition to trading capabilities, tokenized stocks on the platform are also used as collateral in DeFi apps, including Ondo Perps, Morpho and Euler.
Ondo Finance also highlighted the differences between this launch and competitor products. Competitors that claim to offer 24/7 trading typically limit continuous access to secondary market transfers on centralized or decentralized exchanges, while actual issues and redemptions remain limited to trading hours. Ondo\'s upgrade solves this gap directly at the protocol level.
Solana\'s integration reflects the network\'s appeal in terms of high-throughput, low-cost chain activities and continues Ondo\'s broader strategy of expanding institutional-level tokenized assets across multiple chains.

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