Ondo Expands to BNB Chain, Bringing Tokenized U.S. Stocks and ETFs On-Chain

Ondo Expands to BNB Chain, Bringing Tokenized Stocks and ETFs On-Chain

Ondo Global Markets has expanded to BNB Chain, allowing investors to trade tokenized U.S. stocks and exchange-traded funds (ETFs) directly on the blockchain. The move marks a major step in the company’s plan to make traditional financial assets more accessible and liquid through decentralized networks.

Expansion Targets Emerging Markets

Launched in September, the expansion aims to deliver faster and lower-cost access to American securities, particularly for investors in Asia and Latin America. Ondo co-founders Nathan Allman and Sarah Sun said the initiative is designed to make real-world asset (RWA) trading more efficient while maintaining transparency and compliance.

According to company figures, Ondo’s Total Value Locked (TVL) has surpassed $350 million, with cumulative trading volumes reaching $670 million and 3.4 million active wallets supported on BNB Chain. These metrics have not yet been independently verified.

100+ Tokenized U.S. Stocks and ETFs

Ondo’s latest rollout includes more than 100 tokenized American stocks and ETFs, enabling investors to gain U.S. equity exposure with on-chain settlement and custody. The offering builds on Ondo’s existing infrastructure for payment rails and custodial solutions, bridging the gap between traditional finance and decentralized markets.

Partnerships Strengthen Ecosystem

The company reports over $1.8 billion in tokenized assets across its products and 28,370 holders of Ondo-issued instruments. Recent collaborations include PancakeSwap, which will provide on-chain liquidity for tokenized assets, and a Mastercard Multi-Token Network partnership established earlier this year.

These integrations are expected to enhance liquidity and accessibility across the RWA ecosystem.

PancakeSwap Integration to Boost Liquidity

Through its partnership with PancakeSwap, Ondo aims to route automated market maker (AMM) liquidity to its tokenized ETFs and equity products. This is expected to reduce slippage, tighten spreads, and improve execution for both retail and institutional traders.

The broader RWA market is estimated at $35.5 billion, with around $11.9 billion tokenized on Ethereum, according to RWA.xyz data. Ondo’s expansion could help the BNB Chain capture a greater share of that liquidity.

Risks Remain Despite Growth

Analysts caution that while AMM integrations improve visible on-chain liquidity, custody, compliance, and settlement risks remain key considerations for investors. However, early market participants have noted benefits such as faster settlement times and lower execution costs in pilot pools.

Outlook

Ondo’s move to BNB Chain signals growing momentum in the tokenization of real-world assets, a trend increasingly viewed as a bridge between traditional finance and DeFi. The company’s partnerships with major players like PancakeSwap and Mastercard could accelerate adoption, though ongoing regulatory clarity will be crucial for sustained growth in the sector.