Jupiter and Ondo Bring 200+ Tokenized US Stocks to Solana
Jupiter and Ondo Finance have partnered to list more than 200 tokenized U.S. stocks and ETFs on the Solana blockchain via Ondo Global Markets. Ondo Global Markets — already launched on Ethereum and BNB Chain in late 2025 — will migrate its tokenized equities to Solana, offering brokerage-level pricing and liquidity sourced directly from major exchanges such as NASDAQ and NYSE. Jupiter, Solana’s top DEX aggregator, will serve as the primary onboarding and trading gateway. Ondo reports its platform has achieved over $530 million TVL and more than $5.1 billion in cumulative trading volume. The rollout expands Solana’s on-chain product set to include tech and growth stocks, blue-chip equities, sector and broad-market ETFs, and commodity-linked products. Ondo says this model avoids shallow liquidity pools by tying token prices to deep Wall Street liquidity, aiming to align on-chain prices with conventional markets. The move follows growing institutional and retail interest in tokenized real-world assets (RWAs); industry data shows the RWA segment at roughly $22.5 billion, while some analysts forecast multitrillion-dollar long-term on-chain demand for traditional securities.
Bullish
This development is bullish for Solana and the broader tokenized-RWA market for several reasons. First, listing 200+ tokenized US stocks increases on-chain product diversity and tradable liquidity on Solana, potentially attracting more users, volume, and TVL to the network. Ondo’s model—pricing tied to NASDAQ/NYSE liquidity—reduces slippage and market fragmentation versus small internal pools, which can improve trader confidence and institutional interest. Jupiter’s role as onboarding gateway simplifies access and may accelerate adoption among retail and DeFi traders. Historically, integrations that bring traditional financial assets on-chain (e.g., tokenized ETFs or custody solutions) have driven higher on-chain volumes and ecosystem growth, supporting token demand for the host chain (here, SOL) and associated DeFi services. Short-term, expect increased trading volumes for tokenized equity pairs on Solana and higher DEX activity; volatility in SOL could rise as traders rebalance positions. Long-term, if Ondo’s liquidity model proves reliable and adoption grows, the move could materially increase Solana’s market utility, TVL, and developer interest, reinforcing a bullish structural thesis. Risks remain: regulatory scrutiny of tokenized securities, custodial counterparty risk, and potential operational issues during migration could cause temporary negative reactions. Overall, net effect is positive for market activity and Solana’s ecosystem.