Ondo Finance makes a major move on Solana, with over 200 US stocks and ETFs launching 24/7 on-chain trading

On January 21, 2026, Ondo Finance, a leader in tokenized securities, officially announced the expansion of its Ondo Global Markets platform to the Solana blockchain, bringing over 200 tokenized U.S. stocks and exchange-traded funds (ETFs) to the network for the first time.

This means that the 3.2 million daily active users of the Solana ecosystem can now trade a range of traditional financial assets—including tech growth stocks, sector ETFs, leveraged ETFs, and commodity ETFs—on-chain at costs close to those of traditional brokers.

Strategic Expansion

This expansion marks another significant extension of Ondo Finance’s footprint. Previously, its Ondo Global Markets platform primarily operated on Ethereum. Entering the high-performance public chain Solana is a key step on the company’s roadmap set at the end of 2025.

According to its plans, Ondo aims to expand the number of supported tokenized assets to over 1,000 within the year. The more than 200 assets launched this time are an important part of this ambitious goal.

Core Mechanism

What Ondo offers on Solana is not synthetic assets, but a custodially supported structured product.

Each token represents an economic exposure to a publicly traded stock or ETF in the U.S., with the underlying securities actually held by one or more registered broker-dealers/traders in the U.S. Holders receive cash flows that include dividend effects and other economic returns, rather than direct shareholder voting rights or similar privileges.

24/7 Liquidity

A revolutionary advantage of this model is its trading hours. While minting and redemption operations are synchronized with the U.S. stock market, operating five days a week, 24 hours a day, the transfer and trading of tokens between wallets and various applications can achieve true 24/7 continuous operation. This breaks the time barriers of traditional financial markets. Ondo’s liquidity model directly connects to NASDAQ and NYSE, supporting trading on-chain at broker-level prices and scales.

Market Position and Ecosystem Competition

With this launch, Ondo has become the largest issuer of real-world assets (RWA) on the Solana chain by asset count. Since its official launch in September 2025, Ondo Global Markets has rapidly grown to become one of the largest tokenized securities platforms globally. As of recent data, its total value locked (TVL) is approximately $466 million, with a total trading volume exceeding $6.4 billion.

Ondo’s entry also intensifies competition in the RWA track within the Solana ecosystem, directly competing with projects like XStocks on the chain.

Technical Implementation and Compliance

To operate such regulated financial assets safely and compliantly on an open blockchain, Ondo extensively utilizes Solana’s Token Extensions, especially Transfer Hooks. This technology allows compliance rules—such as investor verification and jurisdiction restrictions—to be embedded directly into the token itself.

Each token transfer automatically enforces these embedded rules, ensuring only qualified investors can hold and trade, effectively preventing tokens from flowing into restricted regions or addresses.

Supported Asset Classes

The over 200 assets launched by Ondo cover diversified traditional investment needs, including:

Token Market Dynamics

As a related native asset for this major business expansion, the ONDO token’s recent market performance has attracted trader attention. According to Gate data, as of January 23, 2026, the ONDO price is $0.3429, with a market cap of approximately $1.66 billion. Its total value locked (TVL) in the ecosystem has reached $1.92 billion, reflecting the actual capital scale and adoption of its protocol. Meanwhile, as the network supporting this expansion, Solana (SOL) performance directly reflects market expectations for its ecosystem development. The current SOL price is $128.28, with a market cap of about $72.61 billion, maintaining a high market share. Its network performance and low-cost advantages continue to attract key protocols like Ondo Finance, further consolidating its position as a mainstream blockchain infrastructure.

As of January 23, 2026, according to Gate data, the main related tokens’ market performance is as follows: Bitcoin, as the market benchmark, is priced at $89,806.9, with a market cap of $1.79 trillion and a market share of 56.54%. Ethereum is priced at $2,960.77, with a market cap of $35.757 billion and a market share of 11.26%.

Future Outlook

Ondo Finance’s expansion is ongoing. The company has announced that, within hours of the listing of digital asset custody firm BitGo on the New York Stock Exchange, it will simultaneously launch its tokenized stocks on Solana, Ethereum, and BNB Chain via Ondo Global Markets. This demonstrates its ability to quickly respond to traditional financial market events and seamlessly bridge them into the blockchain world.

From a broader perspective, bringing mainstream stocks and ETFs to high-throughput, low-cost blockchains like Solana is a key step in driving large-scale adoption of real-world asset tokenization (RWA). It enables millions of crypto-native users to easily allocate traditional assets without leaving familiar ecosystems, blurring the boundaries between traditional finance and decentralized finance.

On-chain data shows that Ondo Finance’s TVL has approached $500 million. Behind this figure are over $6.4 billion in funds experimenting with new asset holding formats. With over 3 million active addresses daily on the Solana network, users can now easily access equity yields of companies like Apple with just a tap, even as the Wall Street bell rings at 4 p.m., the stock trading on the blockchain is just beginning its endless dawn.