Ondo Finance's (CRYPTO: $ONDO) tokenized stock platform is holding above $1 billion in value while trading activity across its broader ecosystem continues to accelerate. Ondo Stocks now has $1.01 billion in total value locked and has processed $27 billion in cumulative trading volume since launching in September 2025. The platform supports more than 440 tokenized U.S. stocks and ETFs, with each token backed by the corresponding security held through licensed U.S. custodial broker-dealers.
The trading figure puts cumulative turnover at roughly 26 times current TVL, reflecting activity across centralized exchanges, decentralized venues and primary mint-and-redeem flows. Centralized exchanges alone have accounted for $18 billion in Ondo Stocks volume, with $206 million of tokenized assets currently held across Binance, Gate, Bitget and MEXC. MEXC July TradFi Trading Shifts Toward AI Storage as SNDK Futures Volume Surges More Than 15x Times Polymarket Hires Former Uber Executive To Lead Growth Initiative Hyperliquid Turns to CFTC for Path Into U.S.
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Ondo's overall product suite has now crossed 200,000 holders, rising nearly 20% over the past month. Ondo Stocks accounts for 186,636 cumulative holders, while monthly transfer volume across the ecosystem reached $2.82 billion, up 25.37% month over month. The company's tokenized Treasury products are expanding alongside the equities business.
USDY has grown to $2.15 billion in total asset value across 12 networks, more than doubling since the start of 2026. Ethereum (CRYPTO: $ETH) holds the largest share at $1.1 billion, followed by Stellar, Sei and Solana (CRYPTO: $SOL). Ondo Stocks remains limited to eligible non-U.S. persons, while Ondo Perps is also unavailable in the United States and other restricted jurisdictions.
The figures leave Ondo with growing activity across tokenized equities, derivatives and Treasury-backed assets rather than a single onchain product line. Ondo (CRYPTO: ONDO) is currently trading at $0.33 U.S. per digital token.
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