Greenwich, Conn. – November 05, 2026 -- Ondo Finance has passed $4 billion in tokenized real-world assets (RWAs), ranking first among the 203 tokenization platforms tracked by RWA.xyz and accounting for roughly 10% of all non-stablecoin tokenized value.
The platform lists 484 distinct tokenized assets, more than any other top-ten platform, and its products reach more than 565,000 onchain holders. RWA.xyz data shows more than $39 billion in non-stablecoin RWAs held onchain, up from roughly $4 billion at the start of 2025.
Demand broadens beyond tokenized Treasuries
Investors are moving onchain for tokenized equities, funds and other assets they can access and trade around the clock, according to Ondo. Through Ondo Global Markets, investors outside the U.S. can hold tokens that provide economic exposure to U.S. stocks and ETFs directly in their own wallets across multiple blockchains.
Ian De Bode, Acting CEO and President of Ondo Finance, called the ranking "a clear signal of where the market is headed."
Ondo ranks in the top two for both Treasuries and stocks
Ondo is the only platform ranked in the top two for both tokenized Treasuries and tokenized stocks. Its Ondo Intelligent Portfolios product crossed $50 million this week, making it the largest onchain portfolio product on the market, per the company.
- Treasuries: USDY is the largest tokenized Treasuries product globally. Ondo has three products among the top 11, with a combined market capitalization above $3 billion, roughly a fifth of the $14.2 billion tokenized Treasuries market.
- Stocks and ETFs: Ondo Global Markets became the largest tokenized stock issuer within 48 hours of its September 2025 launch. It now offers more than 430 tokenized U.S. stocks and ETFs across Ethereum, Solana and BSC, with more than $900 million in tokenized value.
- Multichain reach: Ondo products are available on 10 blockchains. Investors hold more than $500 million in Ondo assets on Solana and Stellar, and nearly $500 million on BSC.
Offering stays restricted by jurisdiction
The tokens are not registered under the US Securities Act of 1933 and may not be offered or sold in the United States or to US persons without registration or an exemption. In the United Kingdom, Switzerland and Singapore, Ondo Stocks and USDY tokens are offered only to qualified investors or professional clients.
In the EEA/EU, the Financial Market Authority Liechtenstein has approved a base prospectus for the tokens. That approval makes many Ondo Stocks available to professional and retail investors, though certain Ondo Stocks remain professional-only.