Ondo Finance launches tokenized version of BitGo stock post IPO

GateUser-afe07a92 · 2026-01-23T05:20:11+00:00

Ondo Finance launched tokenized access to BitGo shares on the day of its IPO, allowing trading via blockchain on multiple platforms. This expands Ondo's offerings in tokenized U.S. equities, reflecting strong market demand for crypto security services.

GateUser-afe07a92

2026-01-23 05:20:11

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Source: Cryptonews Original Title: Ondo Finance launches tokenized version of BitGo stock post IPO Original Link: Ondo Finance has expanded its tokenized equities platform with the launch of onchain exposure to newly public BitGo stock.

Summary

Ondo launched tokenized exposure to BitGo stock on the day of its IPO.
The asset is available on multiple blockchains through Ondo Global Markets.
The move extends on-chain access to a newly listed U.S. stock.

Ondo Finance has introduced on-chain access to BitGo shares on the same day the crypto custodian made its public market debut.

The launch was announced by Ondo (ONDO) on Jan. 22, following BitGo’s initial public offering on the New York Stock Exchange.

BitGo IPO meets onchain distribution

The tokenized asset, known as BTGOon, provides economic exposure to BitGo’s publicly traded stock through Ondo Global Markets. The product is available on Ethereum, Solana, and BNB Chain, allowing eligible non-U.S. users to trade exposure to BitGo shares five days a week using blockchain infrastructure.

Just went public. Tokenized on day one.

Following its public debut on the NYSE today, tokenized BitGo will be accessible via Ondo Global Markets.

BTGOon will be live onchain alongside hundreds of Ondo tokenized stocks & ETFs.

BitGo went public at a fully diluted valuation of more than $2.08 billion, pricing its IPO at $18 per share. The stock climbed as much as 35% during its first trading session, reflecting strong investor demand for crypto infrastructure companies that offer security and custody services.

Tokenizing the stock on its first day of trading shortened the gap between traditional equity markets and blockchain-based access. Rather than paying dividends directly, BTGOon reinvests them into the token while closely tracking the performance of the underlying shares.

Expanding Ondo’s tokenized equities platform

With the addition of BitGo, Ondo Global Markets continues to expand its range of tokenized U.S. equities and exchange-traded funds. Since its 2025 launch, the platform has seen over $6.4 billion in cumulative trading volume and has amassed over $500 million in total value locked.

Ondo’s total value locked has risen to over $2 billion in less than a year, driven largely by tokenized U.S. Treasuries and yield products such as OUSG. The company has also expanded its multi-chain support and partnerships across the ecosystem.

ONDO3,62%

ETH-1,83%

SOL-2,19%

BNB-0,61%

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MetaverseVagabond

· 7h ago

BitGo will immediately tokenize after going public. Ondo's speed is truly impressive. But can tokenized stocks outperform native tokens?

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DuskSurfer

· 7h ago

BitGo going public and then tokenizing—this move is truly brilliant. Now you can play stocks and cryptocurrencies at the same time. Web3 is getting more and more elaborate.

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CryptoSurvivor

· 7h ago

Is BitGo going public? Now there's a new tokenized equity to play with. This move by Ondo is still okay.

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OnchainDetective

· 7h ago

Huh? BitGo has been on the chain? Traditional finance and on-chain really are getting closer and closer now.

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SellTheBounce

· 8h ago

Here come the new varieties of pulling the wool over retail investors... tokenized stock, to put it nicely, is just a shell change to continue bleeding. --- BitGo being tokenized right after going public, what a pace... Oh dear... Retail investors are again playing the role of bagholders. --- It's so ironic, just as the IPO hype hasn't faded, someone on the chain is eager to jump in. There are always lower points, don't rush. --- I've seen too many plays like Ondo before. Sell on rebound, don't be fooled by the story. --- Tokenized equity... to put it plainly, it's just a different shell, still the same old weak human nature tricks.

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