Ondo Stocks has maintained more than $1 billion in total value locked and surpassed 150,000 unique holders less than one year after launch, marking another milestone in the tokenized securities sector.
In an Aug. 24 update, Ondo said users collectively held roughly 292,000 positions across tokenized stocks and ETFs. The platform now lists more than 440 tokenized stocks and exchange-traded funds across Ethereum, Solana, and BNB Chain, and Ondo reports cumulative trading volume of about $27 billion, though that figure is company-reported rather than independently verified.
Ondo first crossed the $1 billion TVL threshold in May, when it reported $18 billion in cumulative volume and more than 260 tokenized securities. Since then, its asset catalog has expanded above 440 securities, and the project has added wallet and trading integrations.
Legally, Ondo clarifies that the tokens are not stocks, ETFs, or American depositary receipts, and holders do not receive rights to the underlying securities. The tokens are not registered under the U.S. Securities Act of 1933, and access is restricted in jurisdictions including the United States, the United Kingdom, and Switzerland. Some EEA markets permit access under approved offering documents after Liechtenstein’s Financial Market Authority approved a base prospectus. In the UAE, certain Ondo Stocks trade as Digital Securities on Nest Exchange Limited within the Abu Dhabi Global Market, and eligible Binance account holders can access them where permitted.
Meanwhile, ONDO traded near $0.38 with a market capitalization of about $1.86 billion and 24-hour volume near $189.7 million. Circulating supply stood at roughly 4.87 billion ONDO against a maximum supply of 10 billion tokens. The token’s price consolidation contrasts with the growth in Ondo’s tokenized-asset business, highlighting a divergence between protocol adoption and token performance.
