Ondo Finance to Launch Tokenized US Stocks on Solana by Early 2026
- Ondo plans to roll out tokenized US stocks and ETFs on Solana in early 2026.
- The tokens will be custody-backed, with underlying securities held by US-registered broker-dealers.
- Minting and redemption will operate on a schedule of 24 hours a day, five days a week, while trading can occur continuously.
- Approximately $365 million has already been issued onchain as part of Ondo’s existing tokenization efforts.
- Compliance measures will include eligibility checks using Solana Token Extensions like Transfer Hooks.
This initiative aims to provide users with faster settlement times and easier access to traditional financial products alongside cryptocurrencies. Ondo’s structure ensures that economic exposure is maintained while shareholder rights remain with the custodial entities managing the underlying assets.
With the launch of these tokens, Ondo seeks to bridge traditional finance and DeFi by allowing seamless movement of assets onchain, enhancing user experience in financial transactions.(Source)
