Ondo Finance (ONDO) is preparing to launch tokenized versions of U.S. stocks and exchange-traded funds (ETFs) on the Solana blockchain in early 2026. This expansion will extend the project's reach beyond its current deployments on Ethereum and BNB Chain. The initiative involves custody-backed assets that are transferable on-chain and wrapped with built-in compliance tools, targeting non-U.S. users initially with simplified KYC procedures.
The strategic move follows a significant regulatory development: the U.S. Securities and Exchange Commission (SEC) has closed its long-running investigation into Ondo without taking any action, removing a major overhang on the project and providing clarity that ONDO itself is not treated as a security. The project is also deepening its involvement in real-world assets (RWA) through an integration with Mantle, where $29 million of its USDY token is already tokenized.
Concurrently, Chainlink (LINK) is experiencing a price breakout, surpassing the $22.75 resistance level and reaching a daily high of $23.67. This surge, a 3.2% gain in 24 hours, is partly attributed to a new integration with BNB Chain. The partnership utilizes Chainlink's Data Standard to bring verified U.S. economic data—such as GDP and the PCE Price Index from the Department of Commerce and Bureau of Economic Analysis—on-chain. This integration is seen as a foundational step for building advanced DeFi products and strengthens Chainlink's role in the growing tokenized RWA market.
For Ondo, the choice of Solana is critical due to its low fees, fast settlement, and large existing user base, which could facilitate adoption of tokenized traditional assets. The project's multi-chain strategy, spanning Solana, Ethereum, BNB Chain, and Mantle, positions it as a broader settlement layer rather than a single-chain product. The ONDO token, currently priced at $0.3779, is viewed as an early-stage infrastructure asset whose future value is tied to the actual usage and transaction volume generated by these tokenized equity products, rather than speculative hype.
