Overview
- Ondo Finance extended its LayerZero-powered Ondo Bridge to Hyperliquid’s HyperEVM, bringing 35 tokenized U.S. stocks and ETFs such as SPY, QQQ, NVDA, TSLA, and GOOGL.
- Eligible users can transfer these tokens from Ethereum and BNB Chain, then pair spot holdings with perpetual futures on HyperEVM to run basis trades, funding-rate arbitrage, or delta-neutral hedges.
- Reports highlight new scale for Ondo Global Markets, with Crypto Briefing saying tokenized-stock TVL crossed $1 billion and crypto.news citing about $970 million and roughly $18 billion in cumulative volume.
- Ondo issues tokens through offshore special-purpose vehicles that hold the underlying shares with registered broker-dealers, so holders receive economic exposure to prices and dividends rather than legal title.
- Apps like Felix Protocol and Melt Finance are building on the link, and Ondo’s catalog now spans more than 260 tokenized equities across major chains with access through Binance, Bitget, MetaMask, and Blockchain.com.