440 assets and counting, Ondo's tokenized shelf keeps growing...

Ondo Crosses 440 Tokenized Assets Onchain

@Ondo has now surpassed 440 tokenized assets onchain, extending a lineup that stretches from AI and semiconductor names to defense, space, and quantum stocks, alongside commodity, fixed income, and crypto ETFs. The figure reflects steady expansion from a protocol that commands approximately 58% market share in tokenized equities and was the first to bring U.S. Treasuries onchain at institutional scale.

The growth has been broad-based. The expansion follows Ondo's tokenization of five Franklin Templeton ETFs in March, which brought growth, large-cap, fixed income, equity income, and gold funds onchain. Underlying securities are held at U.S.-registered broker-dealers, with onchain holders receiving economic exposure rather than shareholder rights.

The company's SEC-registered broker-dealer subsidiary received additional FINRA authorizations in July 2026, covering tokenized corporate equities, ETFs, and other investment products. That regulatory footing has helped Ondo build what analysts describe as a compliance-first competitive moat in a market where the total real world asset market onchain has crossed $36 billion in 2026.

SEC Innovation Exemption Raises the Stakes for Regulation

The milestone comes just as U.S. regulators took a significant step of their own. On September 17, 2026, the Securities and Exchange Commission issued an order granting temporary, conditional exemptive relief to Tokenized Securities Venues (TSVs) from the definition of "exchange" under the Securities Exchange Act of 1934, allowing them to trade tokenized National Market System stock using permissioned automated market makers and liquidity pools.

These companies will have a five-year conditional exemption from having to meet the definition of an exchange in U.S. securities law. The SEC was explicit about what qualifies: only tokens that represent real ownership of the underlying stock, which must provide holders with the same rights and privileges as traditional securities, including the right to receive dividends and exercise voting rights.

Speaking to the Financial Times (@FT) about the exemption, Ondo's Matthieu de Vergnes said that tokenized stocks need to be "regulated and tightly linked to the actual market." The comment aligns with the SEC's own position. Two requirements under the rule are that the stock token must be treated with the same rights as a traditional equity holding, and companies must be allowed to decide whether their stocks can be traded as tokens.

For Ondo, the regulatory backdrop reinforces the direction it has already taken. The firm debuted the SEC's third-party custodial tokenization model with BlackRock's IVV ETF and Micron shares as the first securities tokenized under a domestic U.S. framework. With the Innovation Exemption now in place, the conditions for broader adoption of compliant, onchain equities are arguably more favorable than at any point since the sector emerged.

Sources
SEC: Innovation Exemption Press Release (Sept. 17, 2026)
The Defiant: Ondo Finance Adds 173 Tokenized Stocks and ETFs
Crypto.news: Ondo Finance RWA Market Overview