ONDO Global Markets adds 24/7 minting & redemption for tokenized stocks/ETFs
ONDO Finance’s Ondo Global Markets launched 24/7 minting and redemption of tokenized US stocks and ETFs on June 25. The feature lets qualified non-US investors trade tokenized equities at any time, including weekends and holidays, with a $1 minimum investment and zero minting/redemption fees.
The platform now supports 200+ tokenized assets, including S&P 500-linked SPYon, Nasdaq-100-linked QQQon, and Tesla-linked TSLAon. It uses the Nexus infrastructure for on-demand, price-linked creation and redemption, while tokens are backed by real securities held by broker-dealers. Initial blockchain support is Ethereum and BNB Chain, with Solana integration expected next. For select assets, Chainlink price feeds provide real-time pricing needed for around-the-clock redemption.
Regulatory scope is explicit: US persons are excluded from the offering, positioning it outside SEC jurisdiction. Key risks for traders focus on liquidity and counterparty settlement, since token liquidity may run 24/7 while underlying US equities settlement is not.
Broader context: Ondo’s tokenized US Treasuries product OUSG has ~ $1.03B total value locked, and the platform tracks 430+ assets across equities and fixed income.
Neutral
This is broadly positive for the tokenization market’s usability (24/7 minting and redemption lowers friction and extends trading hours), but it is unlikely to be a direct, immediate catalyst for overall crypto prices. The main trading relevance is to tokenized US equities/ETFs: tighter access and zero fees can attract flows into tokenized exposure, yet settlement still depends on broker-dealer operations. If redemption throttling or liquidity gaps appear during off-market hours, it can create temporary spreads or stress in token prices.
Historically, similar product upgrades in tokenized securities (e.g., extending trading hours, reducing fees, adding new chain support) have typically boosted demand initially, followed by a period where traders watch execution quality: mint/redeem latency, price-tracking accuracy, and redemption smoothness. Short-term, markets may react mildly bullish to tokenization volume narratives. Long-term, sustained adoption hinges on operational scalability of the Nexus model and effective reserve/counterparty management.
Overall, the news improves market microstructure for tokenized assets but does not clearly change macro crypto liquidity, so the impact is assessed as neutral.