Ondo Finance is set to introduce tokenized US stocks and ETFs on the Solana blockchain, targeting an early 2026 launch. This initiative aims to enhance the trading and transfer of traditional financial assets by allowing them to coexist in the same wallet as stablecoins, thus providing investors with a streamlined onchain experience.
The tokens will be custody-backed, with underlying securities held by US-registered broker-dealers. This structure ensures that holders gain economic exposure to these assets, although they will not possess shareholder rights. The trading and minting process is designed to maintain a constant connection to real assets, allowing for 24/7 trading capabilities.
Currently, Ondo’s Global Markets product offers onchain access to over 100 US stocks and ETFs, with plans to expand this catalog significantly. The upcoming Solana rollout is seen as a strategic step following previous expansions, including a recent venture into BNB Chain, and aims to build on the approximately $365 million already issued onchain.