Ondo Launches Tokenized US Stocks In `Wall Street 2.0′ Push

Ondo Finance has launched tokenized access to over 100 US stocks and ETFs in a landmark push for `Wall Street 2.0’ ahead of a Federal Reserve conference on payments innovation and tokenization.

The Ondo Global Markets platform is available to eligible Asia-Pacific, European, African, and Latin American investors, and enables users to mint and redeem tokenized US stock and ETFs.

These digital representations are backed 1:1 by the real-world assets (RWAs) held at one or more US-registered broker-dealers and cash in transit, the project said in an announcement. 

It’s immensely rewarding to see this system live after years of thinking about its design. We’ve built on incredible technology and distribution created by the community, and we’re proud to play our part in improving global accessibility to financial markets. https://t.co/a4zd3saycp

— Nathan Allman 🌊 (@nathanlallman) September 3, 2025

Leading Crypto Platforms Partner With Ondo Finance To Power Wall Street 2.0

The launch is being hailed as a landmark development for the Web3 industry and the start of “Wall Street 2.0” as blockchain technology slowly begins to integrate itself into the traditional financial system. 

With the launch, Ondo Finance has democratized access to US stocks and ETFs, giving investors outside of the US the ability to easily gain exposure to these investment opportunities. Built on the Ethereum blockchain, these tokenized products are also tradable 24/7. 

The model of tokenizing RWAs has been tried and tested by stablecoins, which have shown an ability to maintain a direct peg to their underlying fiat reserves.

Now, with Ondo Finance’s new tokenized stocks, investors will not only be able to earn dividends, but will also be able to reinvest the dividends for possible compound interest.

That will likely attract investors who already have stablecoin exposure, since stablecoin issuers are currently prohibited from directly offering yields to investors in the US.

Several leading crypto wallets, exchanges, protocols and infrastructure providers have thrown their support behind Ondo Finance’s tokenized stocks. These include OKX Wallet, Bitget Wallet, Trust Wallet, Gate, BitGo, Ledger, LayerZero, Morpho, 1inch, Chainlink and CoinMarketCap.

With these partners backing the launch, Ondo Finance has expressed plans to expand the number of investment options to 1,000+ assets by the end of the year. The platform also wants to extend to other blockchains including Solana and BNB Chain.

While Ondo Finance’s launch of tokenized US stocks and ETFs is seen as a watershed moment for the Web3 space, risks still remain. For one, investors may not be buying the actual stock by investing in these tokenized offerings. The products could also come under scrutiny from global regulators now that non-US investors can buy in.  

The 24/7 access might also lead to weaker price discovery and wider spreads when the primary US market is closed. Regulators have already started showing concerns about thin, liquid secondary markets for these products.

Fed Prepares To Host Decentralized Finance And Payments Conference As RWAs’ Onchain Value Hits ATH

The Ondo news comes as the Fed Reserve announced that it will host a conference on payments innovation and tokenization on Oct. 21. that will bring together industry experts to discuss “how to further innovate and improve the payments system.” 

The event will feature a panel discussions on several aspects of payments innovation, including the tokenization of financial products and services, the convergence of decentralized and traditional finance, emerging stablecoin use cases and business models, as well as the intersection of AI in payments. 

The conference will also be livestreamed on the Fed’s website.

“I look forward to examining the opportunities and challenges of new technologies, bringing together ideas on how to improve the safety and efficiency of payments, and hearing from those helping to shape the future of payments,” said Fed Governor Christoper Waller in a statement. 

The Fed conference and Ondo Finance’s tokenized stock launch comes as the value of on-chain RWAs hits an all-time high (ATH) of $27.8 billion. Since the beginning of the year, the value of these digital RWAs has soared 223% since the start of the year, data from RWA.xyz shows. 

Total value of digital RWAs (Source: RWA.xyz)

The on-chain value of the assets has also jumped over 7% in the last thirty days. During this period, the amount of on-chain RWA asset holders has also spiked more than 8% to 376,609 as of 7:25 a.m. EST.

Most of that value is dominated by tokenized private credit and US Treasury debt. Meanwhile, Ethereum remains the blockchain of choice for issuers of digital RWAs, with a 56% market share.

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