Ondo Finance

The industry leaders reshaping capital markets converge.

Tomorrow at @Permissionless, Ondo Finance CEO @nathanlallman takes the stage for “Rebooting the Global Financial System.”

He'll be joined by Christine Moy (@apolloglobal), David Schwartz (@Ripple), Joe Cutler (@PerkinsCoieLLP) and Ben Strack (@Blockworks_) to discuss the future of tokenization.

Stablecoins are just “the tip of the iceberg.”

In a new interview with @Blockworks_, Ondo Finance CEO @nathanlallman outlines the thesis behind Ondo Global Markets, our platform for tokenized US equities, ETFs, and bonds.

While stablecoins have achieved real product-market fit, Nathan explained that we’re going to see “the exact same playbook being run for other large, liquid assets.”

That’s the vision behind Ondo Global Markets: enabling global, onchain access to publicly traded US securities through modern infrastructure that supports real utility, distribution, and composability.

“The vast, vast majority of regulated financial assets will settle on blockchain rails in the future. That’s not a crazy prediction.”

USDY is now available on @IcrypexGlobal—a prominent digital asset platform.

ICRYPEX’s users can now gain exposure to daily yield collateralized by US Treasuries, furthering Ondo Finance’s mission to make institutional-grade financial products and services available to everyone.

“The race to mainstream onchain stock trading is clearly underway.”

“Ondo Finance...a leader in tokenizing US treasuries, and Coinbase, the largest US crypto exchange, are staking early claims in what many regard as the next big trend of Web3 finance: onchain stock trading,” reports @CoinGapeMedia.

RWA TVL has grown 46% this year, with tokenized equities poised to accelerate growth.

“Gradually, then suddenly.”

A newly released report by analysts at @StanChart highlights a fundamental truth:

Tokenized assets need “to be cheaper, quicker to settle, and/or create access for more investors than [their] offchain equivalent; or need to solve an onchain need, such as yield.”

At Ondo Finance, that's exactly what we're focused on with our market-leading tokenized treasuries:

→ Ondo Short-Term US Treasuries Fund (OUSG) currently offers 4.09% APY, zero management fees, market-leading instant liquidity, and is accessible to global Qualified Purchasers.

→ Ondo US Dollar Yield (USDY) currently offers 4.29% APY, with daily subscriptions and redemptions. It’s available to a global (non-US) audience—including retail—serving over 15,000 holders.

Standard Chartered analysts conclude that “tokenized T-bills may become akin to onchain savings accounts” and that “this space should continue to grow.”

Ondo Finance is witnessing that growth firsthand—our tokenized treasuries now represent 19% of the $7.4B market by TVL and 36% by number of token holders, with adoption continuing to accelerate.

These products—with features such as instant-liquidity, quasi-permissionless transferability, and global accessibility—represent a re-architecture of financial market access: more efficient, more inclusive, and more aligned with the internet-native economy.

And this is just the beginning. Soon, we’ll extend tokenized access to US equities and ETFs, helping to reshape the world’s capital markets.

The most sought after assets, on the most powerful rails.

Coming soon.

Ondo Finance CEO @nathanlallman discusses the GENIUS Act's impact on institutional participation with @TheStreet:

“This legislation provides long-awaited clarity around the treatment of digital assets, laying the foundation for increased institutional participation.”

Sustained institutional adoption can now begin with clear regulatory frameworks in place.

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/