Real-world asset (RWA) issuer Ondo Finance will offer its tokenized stock and exchange-traded fund (ETF) trading platform on the Solana blockchain early next year, the project has announced.
The move will bring its growing catalog of tokenized financial products to one of the fastest blockchain networks, expanding investment opportunities for retail and institutional investors. The platform will allow users to trade U.S. stocks and ETFs 24/7 via blockchain rails and complete settlement in seconds.
Ondo has issued approximately $365 million in tokenized assets, making it the largest operator in the industry, according to RWA.xyz. The second largest player, Backed Finance, which has about $162 million in tokenized assets, was acquired by Kraken earlier this month.
Ondo’s Solana integration follows an October expansion to the BNB chain, which opened access to 3.4 million daily users. The broader market for tokenized real-world assets (RWA) has more than doubled since August, with total value locked approaching $700 million.
The platform’s momentum has also benefited from a regulatory push. Last week, the U.S. Securities and Exchange Commission concluded its secret investigation into Ondo without filing charges.
