Ondo Stocks Volume Hits $27B, Tokenized Equity Platform Holds Above $1B

Ondo Finance's tokenized stock platform, Ondo Stocks, has reached significant milestones in a short period. As of now, the platform holds more than $1 billion in total value locked, with $27 billion in cumulative trading volume since its launch in September 2025. This represents a trading activity that is roughly 26 times the current total value locked, reflecting transactions across various venues including centralized exchanges, decentralized platforms, and mint-and-redeem flows. Centralized exchanges alone have contributed $18 billion to this trading volume.

With over 440 tokenized U.S. stocks and ETFs available, Ondo Stocks supports a diverse range of investments, each backed by the corresponding security held through licensed U.S. custodial broker-dealers. This broad reach has attracted nearly 200,000 holders, marking a nearly 20% increase in the past month. The platform's Perpetual Swap (Perps) product, launched in July, has already processed over $8 billion in trading volume, with daily trading volume surpassing $350 million at times.

The growth of Ondo Stocks is not solely confined to spot equities; it extends to derivatives and Treasury-backed assets as well. Ondo Perps alone has cleared over $5 billion in trading volume within the last 30 days. The platform's USDY token, a USD-backed stablecoin, has expanded to hold $2.15 billion in total asset value across 12 networks, more than doubling since the beginning of 2026. This diversification into various asset classes underscores Ondo's commitment to offering a comprehensive suite of financial products.