Ondo's Tokenized Assets Are Growing Faster Than Early Treasury Products

Ondo Finance (@Ondo) managing director and head of product portfolios John Hoffman says the numbers no longer leave much room for debate: tokenized financial products are gaining adoption at a pace that earlier asset classes never matched.

A Milestone That Rewrites the Timeline

Ondo Global Markets, the firm's platform for tokenized U.S. stocks and ETFs, surpassed $1 billion in total value locked (TVL), with the milestone reached less than eight months after launch and TVL doubling since January 2026. Hoffman pointed to that speed as evidence of genuine structural demand, not speculative noise.

The context matters. Stablecoins took roughly three years to hit $1 billion in TVL. Tokenized Treasuries took about two. Tokenized stocks did it in eight months. Each successive asset class has compressed the adoption curve further, a pattern Hoffman says reflects growing familiarity with onchain financial infrastructure among both retail and institutional participants.

Scale and Market Position

As of May 2026, Ondo Global Markets commands more than 70% of the market share in tokenized stocks and ETFs, with cumulative trading volume on the platform exceeding $18 billion across its supported chains. The platform offers over 260 tokenized U.S. stocks and ETFs across Solana, Ethereum, and BNB Chain, accessible through leading wallets, exchanges, custodians, and protocols including Binance, Bitget, MetaMask, and Blockchain.com.

Each token is backed by the underlying security, held through a U.S.-registered broker-dealer, and designed to track total return, including dividends. That structure has helped draw institutional interest. In May 2026, J.P. Morgan, Mastercard, Ripple, and Ondo completed the first-ever near-instant cross-border redemption of tokenized U.S. Treasuries, settling in under five seconds.

The broader growth story extends beyond the $1 billion TVL mark. Ondo Finance has since surpassed $4 billion in total value locked as demand for onchain access to traditional financial products continues to accelerate. An Ondo executive said the company expects the tokenized equity market to reach between $2.5 billion and $3 billion by year-end. Hoffman's comments suggest confidence that the momentum behind tokenized stocks is only beginning to build.

Sources
Ondo Finance Press Release: Ondo Global Markets Surpasses $1 Billion in TVL
TheStreet: Ondo Finance Exec Sees Tokenized Stocks Hitting $3B by Year-End
CCN: Ondo Global Markets Tops $1B TVL As Tokenized Stocks Gain Ground