Ondo Finance

It is with profound sadness that we announce the unexpected passing of Nathan Allman, Ondo's founder. Our hearts are with his family and loved ones. Nate’s brilliance, humility, and drive shaped every part of what Ondo is today. His belief in the power of technology to create a more open, accessible financial system lives on in everything we build. The impact he had on this industry, and on all of us personally, cannot be overstated. Nate also helped us build a durable organization with experienced leaders across all facets of the business.  Ian De Bode, Ondo Finance’s longtime President, will serve as CEO. Ian has been leading our strategy, product, and day-to-day operations for over two years and has the full confidence of the leadership team. We will continue building what Nate started. That is the most meaningful way we know to honor him.

The golden era of tokenization is here. Tokenized RWAs crossed $34B, tokenized equities set a daily volume record, and major institutions brought new tokenized products to Europe and Asia. Latest tokenization news ↓ 1️⃣ Tokenized equities hit record $3.57B daily volume Daily trading volume across tokenized equities reached a new all-time high of $3.57 billion. The milestone underscores growing institutional and investor demand for onchain access to U.S. public markets. https://lnkd.in/gNT72w8H 2️⃣ Onchain RWAs cross $34B Tokenized real-world assets reached a new all-time high of $34B in distributed value per @RWA_xyz, with holders crossing 815,000. Tokenized Treasuries lead the category at over $15B. https://app.rwa.xyz 3️⃣ Solana RWA ecosystem grows 43% in Q1 Solana's RWAs grew 43% in Q1 2026 to $2 billion, per the Messari State of Solana report. The network now settles nearly half of stablecoin volume across major chains, with growth driven by tokenized U.S. stocks, ETFs, and commodities. https://lnkd.in/gBR9NerV 4️⃣ Franklin Templeton brings BENJI to Asia with DigiFT Franklin Templeton partnered with Singapore-based DigiFT to distribute its BENJI tokenized money market fund to institutional and accredited investors across Asia. https://lnkd.in/ez46tDG7 5️⃣ Boerse Stuttgart adds SocGen and flatexDEGIRO to Seturion SocGen, SG-FORGE, and flatexDEGIRO joined Seturion, Boerse Stuttgart's pan-European tokenized securities settlement platform, opening the network to 3.5M retail investors across 16 countries. https://lnkd.in/emJyxu_Z

Proxy voting capabilities are coming to tokenized equities through Ondo's recent partnership with Broadridge. Matthieu de Vergnes, Global Head of Institutional at Ondo Finance, joined TheStreet to discuss what it means: “It's about bringing the same standards that you have on traditional markets to holders of tokens onchain. That's truly pivotal in our sense.” The partnership reflects Ondo's design goal: bringing tokenized securities closer to the standards of traditional markets, while adding the accessibility benefits of being onchain

Capital markets are entering the digital asset era. A new Standard Chartered report projects $4 trillion in tokenized assets onchain by 2028, equally split between stablecoins and real-world assets. The projection comes from a 170-year-old global bank with over $6.6 trillion in assets under custody. Standard Chartered expects the offchain-to-onchain capital gap to compress, with institutional capital flowing toward "established players with strong risk metrics." Ondo's tokenized real-world assets were cited in the report as a working example of the model in action. This is one of many recent signals that the world's largest financial institutions are increasingly turning their attention to tokenization and digital assets. More details: https://lnkd.in/gjGRutwU

Digital assets keep winning. In a historic week, the CLARITY Act cleared the Senate Banking Committee and major institutions deepened their digital asset push. Latest tokenization news ↓ 1️⃣ J.P. Morgan's crypto push deepens with filing for tokenized fund JPM plans to launch its second tokenized money market fund on Ethereum, representing shares in its underlying portfolio of Treasuries and repurchase agreements. https://lnkd.in/gdPbRgr7 2️⃣ Fidelity International issues its first tokenized MMF The initial tokenization is on Ethereum, with the ZKsync Layer 2 network to follow. Fidelity Investments, a separate entity, issued its first tokenized MMF over a year ago, with the majority used as collateral by Ondo's OUSG Short-Term US Treasuries Fund. https://lnkd.in/guQkzE6T 3️⃣ CLARITY Act clears Senate Banking Committee If signed into law, the CLARITY Act would define digital assets in U.S. law, clarify rules for tokenized assets, establish SEC and CFTC jurisdiction, and unlock institutional participation. https://lnkd.in/gU9wjUxy 4️⃣ Tokenized RWA market crosses $37.5B Onchain real-world assets reached $37.5 billion in total market cap, led by tokenized U.S. Treasuries, funds, stocks, and yield products. https://lnkd.in/gcphycVF

A landmark moment for digital assets. The CLARITY Act has cleared the Senate Banking Committee, moving the U.S. closer to a clear framework for digital assets. If signed into law, the CLARITY Act would: → Define digital assets in U.S. law → Clarify rules for tokenized assets → Unlock institutional participation → End years of regulatory uncertainty → Establish clear SEC and CFTC jurisdiction The bill now heads to the full Senate, with House reconciliation and Presidential signature to follow. The U.S. has led global finance for generations. If passed, this bill would help carry that leadership into the next evolution of markets, one defined by tokenization and digital assets.

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Another big week for tokenization. Ondo completes the first cross-border tokenized Treasury redemption on the XRP Ledger, the Fed addresses tokenization, BlackRock files for two new onchain funds, and more. Latest tokenization news ↓ 1️⃣ Ondo, JPMorgan, Mastercard & Ripple complete first cross-border tokenized Treasury redemption Ondo processed Ripple's OUSG redemption on the XRP Ledger, with Mastercard's Multi-Token Network routing instructions to Kinexys by J.P. Morgan, which delivered USD to Ripple's Singapore bank account in near real time and outside traditional banking windows. https://lnkd.in/gpY5D_GU 2️⃣ DTCC advances tokenization service with 50+ firms DTCC is building a tokenization service designed to bring the core of U.S. capital markets onchain. Ondo joins BlackRock, Goldman Sachs, JPMorgan, NYSE, and others in the working group. https://lnkd.in/gYTuKhWw 3️⃣ BlackRock files for two new tokenized funds The world's largest asset manager filed for a stablecoin reserve fund and an onchain share class for its ~$6.1B money market fund, both on Ethereum. Both are pending SEC approval. https://lnkd.in/g6JpNr6A 4️⃣ Federal Reserve Governor Lisa Cook speaks on tokenization In a speech in Dakar, Cook noted U.S. tokenized assets more than doubled in the past year, and outlined tokenization's potential to improve settlement, collateral management, and intraday liquidity. https://lnkd.in/gfRMnEEC 5️⃣ Onchain RWAs cross $30B Total tokenized RWA TVL crossed $30B per RWA.xyz, up over 4x from the start of 2025. Tokenized Treasuries lead at $15B+, while tokenized stocks are up over 21,000% in market cap in under a year. https://lnkd.in/gTACTQ3w 6️⃣ Bullish acquires Equiniti for $4.2B The deal combines Bullish's digital asset infrastructure with Equiniti's global transfer agent operations, serving nearly 3,000 issuer clients and 20M+ shareholders. Closing expected January 2027. https://lnkd.in/eAyKza9D

Ondo, Kinexys by J.P. Morgan, Mastercard, & Ripple successfully completed a landmark pilot transaction connecting the XRP ledger with interbank settlement rails. This milestone marks the first time tokenized U.S. Treasuries have settled across borders and banks in near real time and outside traditional banking windows. 1. Ondo processed Ripple’s OUSG redemption on XRP Ledger 2. Mastercard's Multi-Token Network routed instructions to Kinexys by J.P. Morgan 3. J.P. Morgan delivered USD to Ripple's Singapore bank account Tokenized assets are no longer separate from the global financial system. For the first time, a public blockchain and global banking infrastructure settled a cross-border transaction of a tokenized fund together in real time. Together, we’re laying the groundwork for 24/7 global markets that never close. More details: https://lnkd.in/gQH4ChyN

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