Ondo tops two tokenized asset categories

Ondo Climbs to the Top of Two RWA Categories

@Ondo has secured the number one position in both tokenized Treasuries and tokenized stocks and ETFs by total value, marking a significant milestone for the platform in the fast-growing real-world asset sector. Measured across all RWA categories, Ondo sits second among tokenization platforms overall, with $3.66B in assets against Securitize's $4.74B, according to rwa.xyz data.

The platform's position in tokenized equities reflects rapid product expansion. Ondo Global Markets launched in early 2026 with over 100 tokenized US stocks and ETFs, covering names such as Apple, NVIDIA, Tesla, and index funds including QQQ and SPY, with plans to scale the offering further. Tokens carry the platform's distinct "-on" suffix, such as NVDAon and TSLAon, and are priced in USD.

On the Treasury side, Ondo's product suite includes OUSG, an institutional tokenized Treasury fund backed primarily by BlackRock's BUIDL money market fund, and USDY, a permissionless yield-bearing token backed by short-term US Treasuries. Ondo Global Markets crossed $1B in May 2026 and holds more than 70% market share of tokenized-stock volume, according to rwa.xyz figures cited by Chainstack.

Holder Growth Climbs, Transfer Volume Softens

On-chain user metrics show strong adoption momentum. Holders grew more than 20% over the past 30 days to nearly 487,000. Monthly transfer volume, however, dipped around 10% to $1.63B, suggesting some cooling in short-term trading activity even as the holder base continues to expand.

Ondo's broader regulatory position has also strengthened in 2026. The SEC formally closed its two-year investigation into Ondo in December 2025 with zero charges, and in July 2026 its SEC-registered broker-dealer Oasis Pro Markets secured FINRA authorization to offer tokenized equities and funds to US investors. That clearance opens a compliant path into one of the world's largest retail investment markets.

Securitize remains the largest tokenization platform overall. RWA.xyz tracked approximately $39.2B of distributed tokenized real-world assets as of September 8, 2026, with Securitize leading at around $5.04B. Ondo's ability to close that gap while simultaneously topping two distinct product categories positions it as the platform to watch as institutional and retail demand for on-chain real-world assets continues to grow.

Sources:
Chainstack: Top RWA Tokenization Platforms in 2026
MetaMask: RWA Categories in 2026
Bitcoin Foundation: Best RWA Tokenization Platforms 2026