Particle.news
Download on the App Store

Ondo Expands Tokenized Stocks to Solana, Then Puts BitGo’s IPO Shares Onchain

The rollout uses create‑redeem liquidity tied to NASDAQ/NYSE to deliver brokerage‑level execution on Solana.

Overview

  • More than 200 tokenized U.S. stocks and ETFs from Ondo Global Markets are now live on Solana, with discovery and trading supported through Jupiter.
  • Ondo says the Solana deployment makes it the network’s largest real‑world asset issuer by asset count, spanning blue chips, sector funds, commodities, Treasuries, and leveraged/inverse ETFs.
  • The platform sources liquidity from traditional exchanges and supports instant create/redeem during U.S. market hours to target brokerage‑price execution and lower slippage for larger orders.
  • On Jan. 22, Ondo tokenized newly public BitGo shares within hours of the NYSE debut, making the equity tradable on Solana, Ethereum, and BNB Chain.
  • Ondo’s expansion challenges incumbent xStocks on Solana—cited with over $3 billion in volume and 57,000 holders—while Ondo reports over $500 million in TVL and more than $6 billion in cumulative trading volume across chains.