Phemex Lists 14 Ondo Tokenized Stocks and ETFs for 10M Users

Published: 2026-02-20 11:54:13 |

Crypto exchange Phemex has completed integration with Ondo Finance’s tokenized equity suite, listing 14 tokenized stocks and ETFs for its more than 10 million users. The lineup includes large-cap tech names — NVDA, TSLA, AAPL, AMZN — and broad-market ETF products comparable to QQQ and SPY. The integration gives traders on-chain exposure to equities and ETFs without needing traditional brokerage accounts while keeping crypto-style liquidity and settlement efficiency. Phemex positions the move as part of its broader RWA tokenization strategy to bridge TradFi and DeFi and to improve capital efficiency and portfolio diversification. The exchange, founded in 2019, continues to offer spot and derivatives trading, copy trading and yield products; Ondo’s tokenized assets add institutional-grade real-world assets (RWA) to that mix. This development may expand on-chain demand for tokenized stocks and support wider adoption of RWA products on centralized exchanges.

Neutral

The listing of Ondo tokenized equities on Phemex is likely neutral for crypto market prices overall. Direct price effects on major cryptocurrencies (e.g., BTC, ETH) are limited because this news expands access to tokenized TradFi products rather than changing fundamental crypto supply or protocol economics. Short-term, the announcement could boost trading volumes and USDC/USDT flows on Phemex as traders move capital to buy tokenized stocks, slightly increasing exchange activity. It may also support tokenized-stock demand, benefitting native RWA liquidity and on-chain stablecoin usage. Longer-term, broader adoption of RWA products on large exchanges can deepen market linkages between TradFi and crypto, gradually increasing institutional flows into crypto venues — a mildly bullish structural factor. However, absent major capital reallocation from core crypto assets into tokenized stocks, the immediate directional impact on crypto prices should remain limited, so the overall classification is neutral.