Ondo tokenized stocks dominate: 61% share, SEC tailwinds and DeFi integrations

Ondo Finance’s tokenized stocks platform is reported to have a commanding lead in on-chain trading, with a claimed 61% market share and ~$653M in tokenized stock value (per RWA.xyz). The platform reportedly supports 265 tokenized stocks and ETFs spanning US equities, China ADRs, bonds, commodities, and leveraged/inverse ETFs. Trading experience is positioned as a key differentiator: 5x24 trading, tighter spreads, lower fees, and slippage cited around 0.03% for large trades. The article also highlights a “wrapped tokenization + instant atomic mint/burn” design, where Ondo buys real shares on demand, mints an ERC-20 token for on-chain trading, and burns it while selling the underlying shares on Nasdaq. For distribution, Ondo is said to be integrated across major gateways, including MetaMask, Binance, 1inch, Morpho, PancakeSwap, and multiple exchanges and wallets, with support across Ethereum, Solana, and BNB Chain. Growth and compliance are framed as catalysts. Over the past 30 days, Ondo user growth is cited at +11.03%, despite already holding 61% share. On compliance, the article claims the SEC ended a two-year investigation without recommending charges, and that Ondo announced an acquisition of SEC-registered broker-dealer Oasis Pro Markets—both expected to accelerate US expansion. For crypto traders, the immediate relevance is execution liquidity and market structure. Sustained dominance in tokenized stocks could attract more on-chain capital and improve depth for RWA trades, while regulatory headlines may drive sentiment swings around RWA-related tokens and venues.