Ondo Finance

Landmark Moment: U.S. Stablecoin Bill, the GENIUS Act, Passes the U.S. Senate.

In a historic milestone for digital assets, the U.S. Senate has passed the GENIUS Act, the first comprehensive stablecoin legislation, with strong bipartisan support.

Stablecoins are the first killer app of blockchain, giving the world 24/7, instant, permissionless access to U.S. dollars. With this bill, the U.S. is sending a clear message: innovation belongs here, not offshore.

1/ Today we're announcing the Global Markets Alliance, a historic alliance of leading wallets, exchanges, and custodians to bring capital markets onchain and set standards for the interoperability of onchain stocks.

This alliance includes:

• @SolanaFndn
• @BitgetWallet
• @JupiterExchange
• @TrustWallet
• @rainbowdotme
• @BitGo
• @FireblocksHQ
• @1inch
• @AlpacaHQ
• More to come...

Together, we're defining the tokenized securities industry.

Capital markets are coming onchain, and they’re not turning back.

“This surge should be expected to continue.”

Today, @coingecko released a report on the real-world asset tokenization market.

It notes that the “tokenized treasuries market cap climbed by $4.7B (+544.8%) since the start of 2024,” with Ondo Finance as one of the top contributors alongside BlackRock and Franklin Templeton.

Building on that momentum, Coingecko highlights the unveiling of Ondo Global Markets as one of the industry’s “key developments” of 2025. The platform is set to bring tokenized stocks and ETFs onchain in the near future.

As the report correctly states, “the tokenized stock market is rather small at this stage.”

The same could have been said of tokenized treasuries when we launched OUSG—which became the first tokenized security to achieve material adoption and remains a category defining product.

We believe our approach to tokenized stocks and ETFs—designed to tap into the liquidity of traditional markets—will catalyze the next wave of mass adoption, and truly define the stock tokenization market.

The US stock market represents $62T in value, yet only a fraction of that value is accessible onchain. Ondo Finance is changing that.

This is what progress looks like.

The Digital Asset Market CLARITY Act, which would establish clear regulatory oversight for digital assets, just passed committee with overwhelming support.

Institutional blockchain adoption needs regulatory certainty. Today we got closer.

Stablecoins unlocked programmable dollars.

Ondo Global Markets is unlocking programmable equities.

To learn more about Ondo Global Markets, visit https://ondo.finance/global-markets

The internet transformed media, commerce, and communication.

Ondo Finance is doing the same for capital markets.

Yesterday, Circle—issuer of USDC—went public.

It’s a milestone not just for one company, but for the stablecoin category writ large. It affirms what many in crypto already believe: that blockchain-based digital dollars are becoming core financial infrastructure.

Stablecoins have already proven indispensable for global payments, onchain trading, and dollar access in emerging markets. But they’re just the beginning.

If digital dollars can go mainstream, what’s next?

Stablecoins today. Stocks tomorrow.

Ondo Finance’s Chief Strategy Officer Ian De Bode and APAC Sales Director Rania Rahardja (@rrah622) will be attending Apex 2025 (@xrplapex) in Singapore!

Stablecoins made the US dollar globally accessible, instantly tradable and fully composable.

Ondo Global Markets will unlock the same upgrades for US securities.

US Treasuries and equities represent $28T and $62T in market value, respectively.

Learn more about Ondo Global Markets at

From closed systems to open protocols.

Ondo Finance is accelerating one of the biggest upgrades in capital markets history.

Yieldcoins = Upgraded Stablecoins with Returns

While DeFi primarily focuses on crypto speculation, tokenization allows the benefits of blockchain to be applied to traditional finance.

Stablecoins were the first successful example of tokenization, offering global access to a stable, self-custodied store of value.

Ondo introduced tokenized Treasuries, or "yieldcoins," such as OUSG and USDY, which provide stable value with added yield.

These assets enable seamless movement between stablecoins and US Treasuries, while also serving as collateral in DeFi protocols.

First came stablecoins. Now, @capa_fi brings yieldcoins to Latin America.

Through an integration with Ondo's USDY on @solana, users in Mexico and the Dominican Republic can now onramp to tokenized US Treasuries from their local bank accounts.

Read more: https://blog.ondo.finance/how-capa-is-unlocking-onchain-savings-with-usdy-in-latin-america/

The Ondo Finance website will be temporarily unavailable today at 7:00 PM EST for approximately 30 minutes due to scheduled maintenance.

We appreciate your patience and understanding as we implement infrastructure upgrades.

Ondo Global Markets will bring stocks and ETFs from NYSE and NASDAQ onchain. They will be:

→ Accessible 24/7
→ Eligible for margin
→ Composable with DeFi

Whether you're an individual user or a platform developer, Ondo Global Markets brings tokenized equities directly to your fingertips.

To learn more about Ondo Global Markets, visit

Ondo Finance was just featured in the World Economic Forum’s (@wef) tokenization report.

“Franklin Templeton’s Benji and Ondo Finance’s USDY have succeeded in bringing off-chain treasuries and other high-quality liquid assets on-chain.”

The report, titled “The Next Generation of Value Exchange”, covers tokenization and the growth of tokenized Treasuries.

Ondo’s USDY was the first freely transferable yield-bearing token secured by US Treasuries, and is the most widely held tokenized Treasuries product in the world, per https://t.co/n2rkKieDdm.

Ondo’s OUSG, meanwhile, was the first tokenized security to achieve material adoption, and offers market-leading instant liquidity.

The report concludes that “tokenization can benefit financial markets by establishing transparency, allowing greater ownership control, promoting operational efficiency, granting greater accessibility to investors, and enabling multi-asset operations.”

At Ondo Finance, we’re proud to accelerate the transition to an open economy. With the upcoming launch of Ondo Global Markets, we’re applying those same benefits—accessibility, efficiency, transparency—to US stocks and ETFs.

📊 Read the report:

There are no closing bells onchain.

Ondo has arrived at the forefront of financial innovation, and now, at Wall Street station.

As Digital Assets Week kicks off in NYC, the world is watching as the US embraces digital assets, with Ondo helping define the industry's future.

1/ 24/7 conversions between @PayPal USD (PYUSD) and OUSG is now live.

Investors can now seamlessly convert in & out of Ondo OUSG with PYUSD, enhancing redemption liquidity and expanding the utility of PYUSD as a liquidity source for RWAs.

"...this is the first time JPMorgan has built out a structure to interface with a public blockchain"

@FortuneMagazine writes how Kinexys by @jpmorgan, Ondo Finance, and @chainlink completed a novel cross-chain, atomic settlement of tokenized treasuries.

https://fortune.com/crypto/2025/05/14/jpmorgan-chase-kinexys-digital-payments-ondo-chainlink/

Ondo Finance's CEO Nathan Allman (@nathanlallman) is at @consensus2025 today discussing the future of tokenization:

> 10:20am Mainstage Panel

> 12:20pm Panel with Kinexys by @jpmorgan & @SergeyNazarov

> 11:15pm on @CoinDesk

> 1:00pm on @Nasdaq

> 2:45pm on @CNBC Crypto World