Ondo reports $27 billion in cumulative tokenized stock volume as holder count tops 200,000

@OndoFinance has released a fresh set of ecosystem metrics, painting a picture of rapid growth across its suite of tokenized real-world asset products. The headline figure: its tokenized equities platform, Ondo Stocks, has reached $27 billion in ecosystem-wide cumulative trading volume over 10 months, with $1.01 billion in total value locked.

Ondo Stocks Crosses $1 Billion in TVL

Ondo Stocks now holds $1.01 billion in total value locked, less than a year after the platform launched in September 2025. It spans more than 440 US stocks and ETFs across Ethereum, BNB Chain, and Solana. The ecosystem's holder base has also grown sharply. Holders crossed 200,000, growing 20% in the last 30 days, with holder growth and transfer velocity both accelerating, indicating new participants are entering the market.

Monthly transfer volume across the ecosystem reached $2.82 billion, up 25.37% month over month, against 89,485 monthly active addresses. On the fixed-income side, Ondo's US Dollar Yield product (USDY), a tokenized note backed by short-term US Treasuries and bank demand deposits, has reached $2.15 billion in total asset value. USDY's total asset value has more than doubled since the start of 2026.

Ondo Perps Scales Quickly After Launch

@OndoPerps launched in July and has since climbed steadily up the rankings of onchain derivatives venues. The recently launched Ondo Perps perpetual futures venue has cleared more than $8 billion in cumulative volume, recording over $5 billion in the last 30 days, alongside peak open interest of $87 million.

Ondo Perps is built for non-US traders and offers perpetual futures on tokenized assets with up to 20x leverage and around-the-clock trading. A key part of its pitch is capital efficiency. Rather than requiring cash or stablecoins to back positions, Ondo Perps lets traders post tokenized stocks and other assets directly as margin, keeping their holdings working instead of selling them or parking money elsewhere. According to the company, that model is drawing institutional interest, with traders using its tokenized equities as collateral in decentralized futures markets.

Taken together, Ondo framed the figures as evidence of a tokenized asset market that is maturing rather than simply scaling, with secondary liquidity deepening across both centralized and decentralized venues.

Sources:
Ondo Finance official press release via PR Newswire
TheStreet: Ondo Perps tops $8B trading volume within weeks of launch
TipRanks: Ondo Finance posts rapid growth as tokenized equities and treasuries pass key volume milestones