Ondo Finance becomes the largest RWA issuer on Solana! 200 stock tokenizations on the chain

Ondo Finance announces the expansion of its tokenized stock business to Solana, bringing over 200 tokenized US stocks and ETFs to the network for the first time. This move further extends the Ondo Global Markets platform from Ethereum, making Ondo Finance the largest issuer of real-world assets (RWA) on Solana.

Ondo Finance Gains Ground on Solana as the Largest RWA Issuer

According to CoinDesk, Ondo Finance announced that it is expanding its tokenized stocks and ETF business to the Solana blockchain, introducing over 200 tokenized US stocks and ETFs for the first time on this network. This will extend its Ondo Global Markets platform beyond Ethereum and BNB Chain. As tokenized real-world assets continue to gain attention in the cryptocurrency market, more companies are eager to bring traditional financial products on-chain, and this expansion occurs against that backdrop.

The company claims that with Solana deployment, Ondo Finance will become the network’s largest issuer of real-world assets (RWA). This positioning is highly strategic, as the RWA track is becoming a key battleground for the integration of cryptocurrency and traditional finance. Within the Solana ecosystem, although there are many DeFi and NFT projects, projects focused on RWA are relatively few, and Ondo Finance’s entry fills this gap.

Ondo Finance President Ian De Bode told CoinDesk: “We’ve already seen early signs of demand for on-chain stocks on Solana, but currently, the liquidity depth and asset selection for tokenized stocks remain limited. Ondo’s tokenized stocks aim to address these issues by bringing liquidity from traditional exchanges and a rich catalog of stocks and ETFs on-chain.”

This statement reveals the core motivation behind Ondo Finance’s expansion to Solana. While there are already some tokenized stock projects on Solana, they generally face two major issues: insufficient liquidity and limited asset choices. Insufficient liquidity means large bid-ask spreads and high trading costs, discouraging large traders. Limited asset options restrict investors’ diversification flexibility. Ondo Finance directly addresses these pain points by introducing over 200 tokenized assets and connecting to traditional exchange liquidity.

200 Tokenized Assets Cover a Full Spectrum of Investment Targets

According to the company, this release will enable Solana users to access tokenized versions of US stocks and ETFs, supported by existing Solana infrastructure for trading and discovery. The launch significantly broadens the range of tokenized assets tradable on the network, covering tech stocks, growth stocks, blue-chip stocks, broad market and sector ETFs, and commodities-related products.

This comprehensive asset coverage provides Solana users with unprecedented investment options. Tokenized tech stocks allow native Solana users to allocate holdings in giants like Apple, Microsoft, and Google without leaving the on-chain environment. Tokenized growth and blue-chip stocks offer diversified choices for investors with different risk appetites. Tokenized broad market ETFs like SPY (S&P 500 ETF) enable investors to hold assets representing the overall US stock market with crypto wallets.

The tokenization of commodities-related products is particularly noteworthy. Traditionally, crypto investors seeking exposure to gold, oil, and other commodities must go through complex cross-border account opening processes. Ondo Finance’s tokenized commodity ETFs allow these assets to be traded directly on Solana, greatly lowering entry barriers. This convenience could attract many crypto-native investors to try traditional asset allocations.

Ondo Finance states that this expansion aims to make traditional financial assets more accessible via on-chain infrastructure while maintaining price alignment with traditional markets. Price consistency is key to the credibility of tokenized assets. If the prices of tokenized stocks deviate significantly from traditional exchanges, arbitrage opportunities will arise, but investor confidence could be harmed. Ondo Finance ensures that tokenized assets closely track their underlying assets by connecting to traditional exchange liquidity, providing a reliable price guarantee for investors.

Strategic Choice of Solana’s High-Performance Infrastructure

De Bode told CoinDesk: “Given Solana’s scale and performance, expanding to Solana is the logical next step.” This statement reveals the technical considerations behind Ondo Finance’s choice of Solana. Known for its high throughput (theoretically 65,000 transactions per second) and low fees (usually below $0.001), Solana’s features make it an ideal platform for handling high-frequency trading and large-scale asset flows.

Performance is critical for tokenized stock business. Traditional stock markets operate at very high speeds; if blockchain infrastructure cannot support comparable transaction speeds, the practicality of tokenized assets is limited. While Ethereum is the dominant platform for DeFi, its relatively high gas fees and slower confirmation times make it less suitable for high-frequency trading scenarios. BNB Chain has lower fees but does not match Solana’s ecosystem scale and decentralization.

Solana’s scale is also an important factor. By early 2026, Solana’s market cap exceeded $100 billion, with total value locked (TVL) over $10 billion, and active addresses reaching millions. This scale means that Ondo Finance’s tokenized assets launched on Solana will immediately reach a large potential user base. Additionally, the Solana ecosystem already hosts mature DeFi protocols, wallets, and trading infrastructure, allowing Ondo Finance to integrate seamlessly with existing tools.

“We are excited to bring hundreds of on-chain stocks with Wall Street liquidity into Solana’s thriving ecosystem,” De Bode said in a press release shared with CoinDesk. “Wall Street liquidity” is the key phrase here, implying that Ondo Finance’s tokenized assets are not isolated synthetic on-chain assets but are deeply connected to traditional financial markets’ liquidity pools.

Ondo Global Markets’ Rapid Expansion Trajectory

Since launching Ondo Global Markets on Ethereum last year, the platform has rapidly expanded on-chain, reflecting increasing interest from crypto-native users and institutions in tokenized securities. Ondo Global Markets launched at the end of 2025 on Ethereum and BNB Chain, and within just a few months, expanded to Solana. This rapid growth demonstrates strong market demand.

Ondo Finance’s fast expansion strategy is closely tied to its business model. The scale effect of tokenized stocks and ETFs is clear: the more blockchains supported, the larger the potential user base, and the higher the platform’s value. Moreover, multi-chain deployment reduces platform concentration risk; if one chain encounters technical issues or regulatory changes, Ondo Finance can rely on others to maintain business continuity.

The growing interest of crypto-native users in tokenized securities is driven by the need for portfolio diversification. Traditionally, crypto investors’ assets are heavily concentrated in Bitcoin, Ethereum, and various altcoins, which are highly volatile and correlated. Tokenized stocks and ETFs offer investment options with lower correlation to the crypto market, helping to reduce overall portfolio volatility.

Institutional interest in tokenized securities is also noteworthy. Traditional financial institutions are exploring blockchain technology for securities issuance, trading, and settlement. Tokenized securities provide a low-threshold testing ground. By trading tokenized assets on Ondo Global Markets, institutions can familiarize themselves with blockchain operations, assess technical feasibility, and prepare for deeper blockchain integration in the future.

Ondo Finance’s expansion also reflects the overall trend in the RWA track. Industry data shows that the total market value of tokenized assets approaches $300 billion, with stablecoins dominating, but the growth rate of tokenized government bonds, stocks, and real estate—non-stablecoin RWAs—is accelerating. As regulatory frameworks become clearer, more traditional assets will be tokenized and traded on blockchains.