Ondo Finance launches on Solana, the multi-chain battle for RWA behind 200+ tokenized US stocks

According to the latest news, Ondo Finance announced the expansion of its tokenized stock and ETF business to the Solana blockchain, bringing over 200 tokenized U.S. stocks and ETFs to the network for the first time. This move further extends the Ondo Global Markets platform from its original Ethereum and BNB Chain environments, marking a rapid acceleration in the development of a multi-chain ecosystem for RWA (Real World Assets).

Ondo Finance’s Cross-Chain Expansion Accelerates

Strategic upgrade from single chain to multi-chain

Ondo Finance’s expansion to Solana is not an isolated event but an important step in its systematic multi-chain strategy. According to relevant information, Ondo recently completed a large-scale asset launch on January 8, introducing 98 new tokenized assets in one go, covering AI concept stocks, electric vehicle ETFs, and various thematic investment funds. Now, with over 200 U.S. stocks and ETFs brought to Solana, this intensive expansion reflects a clear strategic intent: to dominate the RWA market on every major public chain.

From Ethereum and BNB Chain to Solana, Ondo is building a tokenized asset network that spans mainstream ecosystems. The value of this multi-chain deployment lies in enabling users on any chain to access the same U.S. stocks and ETFs through Ondo.

Market response and ecosystem development

Ondo Finance’s expansion strategy is receiving positive market feedback. According to the latest market data, the RWA sector increased by 2.38% within 24 hours, with the ONDO token rising by 2.74%, making it one of the top-performing assets in the sector. This token performance indicates that investors are optimistic about Ondo’s multi-chain expansion.

More notably, ecosystem collaborations are forming a closed loop:

• Trust Wallet launched the “U.S. Stock Token Trading Race” on January 20, in deep cooperation with Ondo Finance, providing its 40 million users with access to U.S. stock token trading and setting a $150,000 reward pool
• MEXC added 32 Ondo tokenized stock trading pairs during the same period, increasing its total tokenized stock spot trading pairs to 101, with zero fees for spot and futures trading
• These active collaborations with exchanges and wallets are providing ample liquidity and user access for Ondo’s assets

Opportunities in the Solana Ecosystem for RWA

Why Solana

Solana’s position in the crypto market cannot be ignored. Data shows that Solana is currently ranked 7th by market cap, valued at $7.284 billion, accounting for 2.41% of the total crypto market cap. The 24-hour trading volume is $483 million, with high daily trading activity.

The demand for RWA assets within the Solana ecosystem mainly comes from two aspects:

• The maturity of on-chain DeFi ecosystem: Solana already has comprehensive DeFi infrastructure including lending, trading, derivatives, etc.
• User base and trading habits: Solana users are highly receptive to on-chain asset trading, with low transaction fees

Broader Narrative Context

Development stage of the RWA sector

According to the latest annual report from Binance Research, the total value of global RWA locked-up assets has surpassed $21 billion, officially overtaking decentralized exchanges (DEXs) in multiple ecosystems. What does this data imply? The underlying support for on-chain finance is shifting from highly volatile altcoins to income-generating assets like government bonds and stocks.

As the absolute leader in the RWA sector, Ondo Finance’s every expansion is reshaping market perceptions of RWA: from simple tokenization of U.S. Treasuries to now over 200 U.S. stocks and ETFs, Ondo is bringing Wall Street onto the blockchain.

Signal of traditional financial assets migrating on-chain

From relevant information, an interesting phenomenon can be observed: a large amount of traditional financial capital is entering the crypto market through entities like Ondo that are backed by tangible assets. This is not just retail participation; institutional funds are quietly positioning themselves.

On-chain data monitoring shows that Pantera Capital and Ondo Finance recently transferred over 200 million ONDO tokens to multi-signature addresses, which were subsequently distributed to several major exchanges. This is interpreted by the market as routine token unlocks, but also reflects institutional emphasis on ONDO liquidity.

Summary

The core significance of Ondo Finance’s entry into Solana lies in three aspects:

1. Enhancing the multi-chain ecosystem: From Ethereum to BNB Chain to Solana, Ondo is building a tokenized asset network covering major public chains, allowing users to access the same assets regardless of the chain they are on.

2. Unlocking RWA demand within the Solana ecosystem: Solana has mature DeFi infrastructure and a large user base, but has long lacked high-quality RWA assets. Ondo’s 200+ U.S. stocks and ETFs fill this gap.

3. Promoting the migration of traditional financial assets on-chain: With RWA assets surpassing $21 billion in total locked value, they are becoming a new cornerstone of on-chain finance. Every expansion by Ondo, as a leader, demonstrates that trading U.S. stocks and ETFs on-chain is shifting from niche to mainstream.

Future points of interest include how the 200+ U.S. stocks and ETFs on Solana will be used, and whether they can develop trading depth comparable to Ethereum and BNB Chain. If successful, Solana could truly become one of the multi-chain hubs for RWA.