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