Ondo Finance’s tokenized equities platform maintained a valuation above $1 billion while its ecosystem demonstrated accelerating trading activity. The platform’s cumulative trading volume reached $27 billion following its launch in September 2025, with approximately $1.01 billion in total value locked. The platform provides tokenized versions of more than 440 U.S. stocks and exchange-traded funds, with each token backed by corresponding securities held through licensed U.S. custodial broker-dealers.
Trading activity reflected a turnover ratio of roughly 26 times the current total value locked, distributed across centralized exchanges, decentralized venues, and primary mint-and-redeem flows. Centralized exchanges contributed $18 billion to the cumulative volume, while $206 million in tokenized assets were held across major platforms including Binance, Gate, Bitget and MEXC.
The platform’s derivatives offering also expanded significantly. Ondo Perps, which launched in July, accumulated more than $8 billion in cumulative volume, including over $5 billion during the preceding 30 days. Open interest in the derivatives product reached as high as $87 million, with recent daily trading volume exceeding $350 million.
Other segments of the Ondo ecosystem showed parallel growth trajectories. The broader product suite surpassed 200,000 holders, representing approximately 20% growth over the prior month. Monthly transfer volume across the ecosystem reached $2.82 billion, reflecting a 25.37% increase month over month. The company’s tokenized Treasury product USDY expanded to $2.15 billion in total asset value across 12 networks, more than doubling since the start of 2026, with Ethereum comprising the largest share at $1.1 billion.
Ondo Stocks remains restricted to eligible non-U.S. persons, while Ondo Perps is unavailable in the United States and other restricted jurisdictions. The ONDO token was trading at $0.33 per digital token.
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