Ondo Finance to Tokenize U.S. Stocks & ETFs on Solana (Early 2026)

Ondo Finance announced plans to launch custody-backed tokenized U.S. stocks and ETFs on the Solana blockchain, targeting an early‑2026 release. The tokens will be backed by underlying securities held with U.S.-registered broker‑dealers; on‑chain holders receive economic exposure (including dividend pass‑through) but not shareholder voting rights. Trading and transfers will be available 24/7 on Solana while minting and redemption will operate aligned with U.S. market hours (24/5) to maintain peg and liquidity. Chainlink will supply price and corporate‑action oracles (dividends, splits), and Ondo will use Solana Token Extensions — notably Transfer Hook — to embed jurisdictional eligibility checks and transfer restrictions within each token for compliance. Ondo currently has roughly $365 million in issued tokenized assets across chains and plans to expand its catalog from 100+ U.S. stocks and ETFs to “hundreds” on Solana. Key watchpoints for traders before launch include the initial asset list and liquidity, custody counterparties and operational controls, KYC/whitelisting and jurisdiction filters, mint/redemption mechanics and timings, and oracle reliability for corporate actions. For traders, benefits may include faster settlement, lower fees, wallet‑native exposure to equities and on‑chain composability; risks include dependencies on custodians and oracles, potential peg deviations during market stress, limited day‑one liquidity, and regulatory or operational constraints that could affect price tracking and tradability.