Ondo Finance has announced plans to launch a platform for trading tokenized U.S. stocks and exchange-traded funds (ETFs) on the Solana blockchain in early 2026. This strategic expansion will extend Ondo's Global Markets platform beyond its current Ethereum and BNB Chain deployments, positioning Solana as a key settlement layer for its tokenized finance initiatives.
The new platform is designed for both retail and institutional users, offering 24/7 trading with blockchain-based settlement completed within seconds. This move aims to provide continuous market access, removing traditional trading-hour constraints while maintaining a 1:1 parity for the underlying securities.
In preparation for the Solana launch, Ondo has introduced the Ondo Bridge, which connects Ethereum and BNB Chain using LayerZero technology alongside Canary Protocol and Stargate Finance. This bridge supports transfers for more than 100 tokenized stocks and ETFs without requiring individual asset contracts for each chain, significantly boosting asset liquidity and mobility. New network integrations can reportedly be completed within weeks.
Despite this significant fundamental development, the market reaction for both Ondo's native token (ONDO) and Solana (SOL) has been mixed. Following the announcement on December 15th, ONDO's price retreated into a $0.36–$0.39 trading range, even as the protocol's Total Value Locked (TVL) surged to a new all-time high of $1.93 billion. Technical indicators for ONDO showed bearish momentum, with its Relative Strength Index (RSI) hovering near 34 and the Moving Average Convergence Divergence (MACD) remaining below the zero line.
Solana experienced similar price weakness, briefly dipping below $122 to around $117 on the day of the announcement before stabilizing within a $122–$145 range. However, Solana simultaneously recorded $35.20 million in ETF inflows during the same session, marking the highest inflow of the week and the second-highest daily total for December, suggesting potential accumulation by investors.
Ondo Finance has established itself as a leader in the tokenized real-world asset (RWA) sector, having issued approximately $365 million in tokenized assets. The broader RWA market has more than doubled since August 2025, with total value locked approaching $700 million. Ondo Global Markets has reported over $154 million in daily trading volume, with $350 million in total value locked and $2 billion in cumulative volume since September 2025.
The company's expansion follows its October launch on BNB Chain, which opened access to about 3.4 million daily users. Regulatory headwinds have also eased, as the U.S. Securities and Exchange Commission (SEC) recently closed a confidential investigation into the company without bringing charges.
